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Strat Aero plc £2.5m contract win “protecting London”

Strat Aero plc LON:AERO, an international aerospace company focused on the rapidly emerging Unmanned Aerial Vehicle sector, has told DirectorsTalk that its wholly-owned subsidiary, Geocurve, has been awarded a further contract to provide aerial inspection and level survey services for the Environment Agency’s Thames Estuary Asset Management 2100 (TEAM2100) programme.

The contract was awarded after a rigorous competitive tender process and follows the successful completion of the Isle of Grain survey project where Geocurve combined multiple UAV flights, land-based surveys and bathymetric surveys to deliver a suite of video, orthomosaic photo, 3D model and survey products. Depending on contract options and call-off timing, the TEAM2100 programme could deliver in the region of GBP1m in revenue to Strat Aero over the next 18 months, and GBP2.5m over the duration of the whole programme.

TEAM2100 is delivering the first 10 years of capital investment in the tidal flood defences of the Thames Estuary as recommended by the TE2100 Plan. TEAM2100 aims to reduce the risk of tidal flooding to 1.25 million people and GBP200 billion worth of property by replacing and refurbishing the tidal flood defences. TEAM2100, which was established in 2014, is an integrated and co-located team comprising the Environment Agency, global engineering company CH2M, and key supply chain partners. The GBP300million programme covers the tidal flood defences of the Thames estuary between Teddington in the west, Shoeburyness in Essex, and the Isle of Grain in Kent.

Iain McLure, CEO of Strat Aero plc LON:AERO said “I am delighted that we have been selected to continue our successful aerial and land survey work for the Environment Agency’s TEAM2100 programme. To be chosen for such an important role in protecting the UK’s capital city is an enormous honour and one which reflects our growing reputation as the UAV topographic and hydrographic surveying, inspection and engineering services provider of choice.”

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