Boustead Renews SG$60 Million Australian Government Contract

MT Newswires

06/17

Boustead Singapore's (SGX:F9D) unit, Esri Australia, renewed an enterprise agreement with the Australian federal government department worth SG$60 million, according to a Tuesday filing with the Singapore Exchange.

Shares of the engineering company were up nearly 2% in Wednesday trading.

Through the agreement, Australian government employees will gain access to the Esri ArcGIS geographic information system platform.

The company's geospatial division has exclusive distribution rights for the platform across several regions and serves over 8,000 organizations.

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