Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Ventia Services Group Limited ( (AU:VNT) ) has provided an announcement.
Ventia Services Group Limited has secured a 7-month extension of its Defence Base Services contract with the Department of Defence, valued at approximately $270 million. This extension, commencing on 1 July 2025, allows Ventia to continue providing estate management, living services, and base support capabilities to over 90,000 service personnel across 70 bases in Australia. The announcement underscores Ventia’s long-standing partnership with the Defence sector and its commitment to service excellence, while the company awaits the outcome of the Base Services Transformation tender process expected later this year.
More about Ventia Services Group Limited
Ventia Services Group Limited is a leading essential infrastructure services provider in Australia and New Zealand, operating across various industry segments such as defence, social infrastructure, water, electricity and gas, resources, telecommunications, and transport. With a workforce of over 35,000 people across more than 400 sites, Ventia focuses on client-centered, innovative, and sustainable service excellence.
YTD Price Performance: 17.13%
Average Trading Volume: 1,975,203
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$3.52B
For detailed information about VNT stock, go to TipRanks’ Stock Analysis page.