|Bid||85.35 x 0|
|Ask||175.00 x 0|
|Day's Range||123.90 - 129.00|
|52 Week Range||97.00 - 171.65|
|Beta (5Y Monthly)||0.34|
|PE Ratio (TTM)||12.67|
|Earnings Date||Feb 25, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 14, 2020|
|1y Target Est||106.42|
Serco Group (LON:SRP) has had a rough three months with its share price down 6.3%. However, stock prices are usually...
Britain said on Monday it would retake control of the operation of the country's nuclear deterrent from a private consortium comprising Lockheed Martin , Serco and Jacobs Engineering. "The change in model will remove the current commercial arrangements, enhancing the MoD's (Ministry of Defence) agility in the future management of the UK's nuclear deterrent, whilst also delivering on core MoD objectives and value for money to the taxpayer," the government said. Serco earlier on Monday said the consortium would lose the contract.
Britain's defence ministry will take back direct control of the operation and development of the country's nuclear weapons from a consortium of Lockheed Martin <LMT.N>, Serco <SRP.L> and Jacobs Engineering <J.N> in June 2021, it said on Monday. Operation of the Atomic Weapons Establishment, which maintains the warheads for the Trident submarine-based nuclear deterrent, was awarded to the AWE Management consortium in 1999 under a 25-year contract. Lockheed Martin owns 51% and Serco and Jacobs Engineering own 24.5% each of the consortium.