COSOL Limited entered into a contract with the Australian Department of Defence

COSOL Limited (ASX: COS) announced that it had entered into a new agreement with the Australian Department of Defence, with a value of AU$8.2 million. Under the agreement, COSOL will work in partnership with IBM to provide services under the Defence Enterprise Resource Planning Program (ERP Program). At the core of COSOL's service delivery to Defence is its registered RPConnect® Software, which is Defence-cleared to provide data migration services across the Department's extensive asset portfolio.

The company has also announced that this contract is anticipated to be concluded in November 2023 and will positively impact the company's financial performance in FY23. The agreement follows the company's earlier Defence work which started in April 2021 and was completed this month.

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