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Serco buoyed by US acquisition

Serco buoyed by US acquisition

With the US intending to expand its naval fleet from 280 to 355 ships by 2034, Serco (SRP) is seeking to capitalise on one of the fastest growing areas of public procurement. Having provided services to the US navy for almost 30 years, it is no stranger to the sector. In acquiring the naval systems business unit (NSBU) of Alion Science and Technology Corporation for $225m (£173m), the group has enhanced the scale and capability of its existing US defence business, becoming a top-tier supplier.

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