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Corporate Travel Management secures £28M contract extension
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Corporate Travel Management secures £28M contract extension

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  • The United Kingdom Ministry of Defence awarded Corporate Travel Management a further contract extension to support the Afghan Resettlement Programme.
  • The stock price for Corporate Travel Management traded at $16.07 following the announcement.
  • The company aims to maintain service continuity for accommodation and associated logistics until the resettlement programme concludes.

Corporate Travel Management (ASX:CTD) secured a contract extension with the UK Ministry of Defence to provide accommodation and associated services for the Afghan Resettlement Programme.

The company has served as the exclusive provider for these specific support services since February 2025.

"CTM is pleased to be continuing to support the UK Government and this important programme," the company said in an ASX filing.

Revenue under the agreement is volume-dependent, and the business stated that forecasts indicate approximately £28 million in total transaction value during the first six months.

Following the announcement, the Corporate Travel Management share price was unchanged at $16.07.

Corporate Travel Management Limited operates as a global provider of travel management solutions for business clients, ranging from small enterprises to large multinational corporations.

The company manages complex corporate travel programmes across Australia, New Zealand, North America, Asia, and Europe.

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