Shearwater secures expansion to existing government contract

(Sharecast News) - Cybersecurity and managed security services group Shearwater said on Tuesday that it had secured an expansion to its existing contract with a central Government department for the provision of threat intelligence services. Shearwater said the expanded contract had a total contract value of roughly £1.0m over a three-year term, reflecting both an extension of the contract duration and an increase in services consumed, supporting the delivery of existing FY26 market expectations.

Under the expanded arrangement, the Government department will consolidate threat intelligence services for smaller Government organisations, through an internal shared services model and acting as the lead organisation.

Chief executive Phil Higgins said: "This expansion demonstrates the strength of our relationship with a central Government customer and the value of our threat intelligence solutions. Extending the term and increasing service consumption supports the department's shared services model while providing a platform for further growth."

As of 0840 GMT, Shearwater shares were up 0.93% at 43.40p.









Reporting by Iain Gilbert at Sharecast.com