Background to the Capita decisionpublished at 10:48 British Summer Time 21 June 2018
Capita urgent question
The MoD awarded Capita the £500m contract to run 69 defence fire stations around the world after Capita beat Serco for the contract. Serco had a slightly lower risk rating, according to MoD grading system.
Capita has £1.8bn worth of government contracts over the next eight years. Last month Capita raised £662m in a rights issue following a profit warning that wiped £1bn off its value.