Mastek won a sub contract

Thebullishtrends: Mastek share price closed today at Rs.312.25(-Rs.0.95) . Mastek Ltd has announced today after the trading hours as it is a supplier to Thales UK for the winning solution for Ministry of Defence, UK.

Company has announced that as a sub-contractor to Thales UK, it is a supplier for the winning solution to the Air Movement Operations Capability requirement for the Ministry of Defence (MoD) in the UK.The Thales led partnership of Mastek, Fujitsu Services and Flyware has developed the "Swift2Move" software solution to meet the MoDs requirement to manage and schedule the global air movements of troops and cargo which will be deployed over the Defence Information Infrastructure (DII). The total contract win is in the region of £27m GBP and will be implemented over the next 10 years.The solution is significant for several reasons; firstly this MoD project involves the design and development of a specialist system that handles complex military logistics and defence asset management, providing significant benefits to the MoD in terms of process efficiencies, automation and information governance. Secondly, this new product will be a world first - no other Companies have invested in providing a military-targeted product for this domain.