Mastek Limited has informed the Exchange regarding a press release dated March 05, 2026, titled "Mastek Secures £85m Framework Engineering Contract with UK Home Office's Migration & Borders Technology Portfolio to Scale the ATLAS Platform".
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Mastek's UK subsidiary has won a framework engineering contract worth around £85 million (approx. $110 million+) from the UK Home Office. The deal covers Migration & Borders Technology and focuses on scaling the ATLAS platform, which handles visa processing, asylum casework, border force operations, and immigration enforcement. The work will use AI-driven engineering, automation, and platform modernisation techniques. Mastek expects significant growth from this contract as the Home Office plans to roll out more complex policies through ATLAS in coming years. The contract strengthens Mastek's position as a trusted partner to the UK public sector.
This is a large government order in hard currency (GBP) and is likely material to Mastek's overall revenue, potentially boosting earnings visibility and demonstrating strong UK public sector credentials, which could be positive for the stock.