£17.5 million contract for Gloucestershire training specialist
By Sarah Wood | 9th November 2018
A multi-million-pound contract has been awarded to a Staverton-headquartered training specialist by the Canadian government.
The consulting services contract has been won by Pennant Canada Limited for the use of Pennant's OmegaPS software, used throughout the Canadian Department for National Defence (DND).
The contract extends the 18-year relationship between Pennant and the DND and allows the latter to call on services as and when required for an initial two-year term - with the option to extend until November 2023.
The initial value of the two- year framework is £6.9 million (C$11.9 million), with the overall value (for the full five years) being in the region of £17.5 million (C$30 million). This compares to £11.5 million (C$19.7 million) for the previous contract.
Philip Walker, Pennant's chief executive officer, said: "We are delighted to have secured this new contract with the Canadian DND, which is testament to the close, long-standing partnership Pennant has with the DND.
"The award confirms the capability and value of the OmegaPS suite and provides a firm foundation for the continued expansion of the Group's consulting business globally."
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