2 June 2017 – contract wins
Engineering consultancy WYG has announced that it has been awarded two new framework contracts with UK government agencies, the MOD and Crown Commercial Services, as well as a significant new contract in Africa in its international development market. The contracts with the UK government could be worth up to £42m over the next three years whilst the contract in Africa could be worth up to £10m over the next two years. There is also scope for the contracts to be extended or increased in value. Operating in a competitive market place the contract wins are testament to the range and quality of the group’s services. They will also serve to underpin profit forecasts for both this year and next. The shares remain a BUY.