Review of performance for 2022

Outlook We expect defence and broader government markets to remain robust because there is simply not enough in-house capacity, but staying competitive in a congested market will remain a challenge. The shift towards a data-centric, digitally driven and autonomy-enabled future force, which is able to operate across the domains of air, sea, land, space and cyber, is being captured in national policies. Our investments are carefully aligned to these major themes. While post-COVID-19 spending constraints have impacted the net zero agenda, social value has become an all-encompassing term. We are thinking carefully how this impacts our bidding process as, in some nations, it can amount to 20% of the bid scoring. Opportunities for government consulting for complex transformation outside defence (P3M; organisational design; business analysis; change management and digital/technical) will continue to grow as global workforce supply issues will lead to continued outsourcing. This will provide opportunities but will also continue to put pressure on us to attract, recruit, retain and develop highly-skilled and diverse talent. We were awarded a contract extension for support to the Australian Navy Engineering branch worth AUD$ 2.8m. The strong performance of the embedded our employees, was a significant factor in contractual negotiations. (Above right) ‘The shift towards a datacentric, digitally driven and autonomy-enabled future force, which is able to operate across the domains of air, sea, land, space and cyber, is being captured in national policies.’ Our graduate engineers provided additional support to the Hunter Class Frigate Programme in Australia. This came about through an unsolicited proposal from BMT in response to a skills shortage. (Below) We continue to support the Victoria In Service Support Contract for the Royal Canadian Navy’s submarine fleet and in June 2022 we were awarded a one-year extension sub-contract from Babcock Canada International. (Above) 19

RkJQdWJsaXNoZXIy NTcyOTY=