SRT Marine Systems has signed a $261m contract with a new sovereign customer to supply a national maritime domain awareness system, significantly exceeding the roughly $200m expected value of the contract award when it was first announced in September 2025.
The formal signing took place at the customer’s premises with senior representatives from the client, the UK Government, UK Export Finance, and SRT in attendance. The commencement of the project is subject to the completion of a UKEF-supported finance package, which is now underway.
SRT Marine Systems announced a 95% increase in group revenue in the six months to December 2025. Contract wins like this will help the top line grow further still.
Under the deal, SRT will deliver its SRT-MDA System, which integrates multiple sensors, data feeds, and operational workflows to provide continuous maritime situational awareness.
CEO Simon Tucker said the contract marked the start of a long-term relationship, with the system enabling the customer to build up its surveillance capabilities progressively.
SRT also provided a broader update on its existing operations, noting that current geopolitical tensions in the Middle East have underscored the importance of sovereign nations maintaining independent civil defence and surveillance systems. The company said it continues to make good progress across its projects in Asia and the Middle East.
Following the new contract, SRT now has approximately £340m of active projects under implementation, the $261m contract signed and pending commencement, and a prospects pipeline estimated at up to £1.8bn. The company said the scale of its active and pending work reflects growing international demand for independent maritime domain awareness capabilities.