Serco : Awarded New $101 Million Contract to Manage Hazardous Materials for Defense Logistics Agency

RESTON, VIRGINIA - June 12, 2017 - Serco Inc., a provider of professional, technology, and management services, announced today that the Company has been awarded a new contract to provide supply chain management services for hazardous materials for the Defense Logistics Agency (DLA) Distribution. The contract has a one-year base period and four one-year option periods, and is valued at a total of $101 million, if all options are exercised.

Serco will deliver planning and forecasting, data management, procurement, inventory and storage management, and environmental reporting for all hazardous materials. Through forecasting models that help reduce inventory and storage levels, the Company will assist DLA Distribution in lowering its overall ownership costs, including hazardous waste disposal costs. Work on this contract will be performed at three Navy Fleet Readiness Centers in North Island, CA, Jacksonville, FL, and Cherry Point, NC.

'Serco has a strong background managing hazardous materials, on both ship and shore, and we are proud to have earned a new opportunity to grow our services portfolio,' said Dan Allen, Chairman and CEO of Serco Inc. 'This win demonstrates Serco's ability to provide high-quality, cost effective, hazardous material management solutions that optimize material availability and support DLA Distribution's initiative to reduce cost.'

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