Join our community of smart investors

Wincanton bags another contract

A long-term contract with defence contractor BAE drives shares in the truck company.
January 19, 2015

Wincanton (WIN) has won a long-term contract to supply full warehousing and logistic services to BAE Systems' (BA.) shipbuilding operations, including its programme to deliver three River-class patrol vessels to the Royal Navy.

IC TIP: Buy at 168p

The logistics business did not disclose financial details or the exact length of the contract, but said the long-term agreement will see it operating a central warehousing facility, inbound scheduling and collections and provision of modular reusable crates.

This deal builds on Wincanton's existing contract with BAE to support the construction of new aircraft carriers.