Defence Holdings has secured its second contract with the UK government, a six-month pilot that begins immediately.
A pilot lacks the punch of a full-blown ongoing contract, but the fact that it is the second with the UK government is encouraging.
No value was attributed to the contract or its potential future value.
The software-led defence technology company said the engagement was structured similarly to its first government contract, with the company working directly with customer stakeholders throughout the pilot.
Citing the confidential and security-sensitive nature of the work, it did not disclose the customer or the application.
The company, which only became revenue-generating with its first government contract in July, said the award marked further progress in its shift from developing technology to delivering it for customers.
Andrew Roughan, CEO of Defence Holdings, said: “Securing our second contract with the UK Government represents another important step in the execution of our strategy and demonstrates continued progress in converting customer engagement into contracted activity.
“Our approach is built around working directly with customers to understand their requirements and develop sovereign software capabilities against real-world need. This second engagement gives us another opportunity to do exactly that, working alongside customer stakeholders throughout the initial pilot period.”
Defence Holdings shares have struggled in recent weeks as the market appeared to lose confidence in the company after directors decided to invest £2m of the company’s funds in an external fund they set up.
Today’s announcement will help gauge whether there is any lasting damage.