SRT Marine Systems has announced a significant jump in revenues to £26.2m, from £5.5m in the corresponding period last year. SRT now has five active nation state customers for the SRT-MDA System. Additionally there are £320m systems under contract with a pipeline of £1.2bn of new prospects.

Simon Tucker, CEO of SRT said:

“I am delighted with our operational and financial performance during the first half which is rooted in many years of hard work to build up our technologies, products and global market position. As we expected we have seen solid revenues from both transceivers and systems divisions and look forward to continued growth into H2 and the years ahead.”

In the interview below, CEO Simon Tucker outlines SRT’s business and growth plans, as well as an overview of their market