Serco appoints Nth America unit CEO, wins USAF training contract
Government contractor Serco Group Plc on Tuesday said it had appointed Michael LaRouche as chief executive of its North American division and announced it had won a US Air Force training contract.
LaRouche was business president at Science Applications International Corporation, having previously held leadership positions at Lockheed Martin and Raytheon, Serco said in a statement.
"Serco's North American business has strong momentum having more than doubled revenue to around $2bn since 2017 with a growing position in the US defence services market. Michael has delivered systems, products, and services across US Defence and Federal/Civilian Agencies, with proven leadership to space/ground, air, land, sea, and cyber customers which are highly relevant to Serco's strategy and growth ambitions," it added.
In a separate statement, the company said its MT&S mission training and satellite ground network communications software business acquired from Northrop Grumman, had secured a deal to provide enhanced simulator and training services.
"MT&S is the sole awardee under the programme which has a ceiling value of up to $972m (£720m) over five years and is expected to generate revenue of around $60m (£45m) from task orders during 2026," the company said.
Reporting by Frank Prenesti for Sharecast.com
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.
