Shearwater Group - Central Government Cyber Security Contract Win opens up bigger markets - Finals next week

Mark Watson-Mitchell

3 hours ago

2 min read

Mark Watson-Mitchell - 20.10.2026

This morning the £16.5m-capitalised Shearwater Group (LON:SWG) has announced that its subsidiary, Brookcourt Solutions, has secured a new £1.7m two-year contract with a Central Government customer for advanced threat intelligence capabilities.

This contract replaces a previous agreement and expands services to include additional platform features and more users, supporting the protection of GOV.UK services and UK citizens.

The win, achieved through G-Cloud 15, highlights Brookcourt's growing position within Central Government and its ability to deliver sophisticated cybersecurity solutions in sensitive environments.

Analysts Kimberley Carstens and Edward Stacey, at Cavendish Capital Markets have today declared that:

"Shearwater is a company with a unique and differentiated set of capabilities in critical cyber-security applications, and a global blue-chip customer base: Driven by continually escalating tactics used by cybercrime groups, growing complexity in the threat environment, and increasing regulatory requirements and standards, demand for cyber security providers remains highly robust.

Shearwater’s differentiation lies in specialism across highly demanding critical infrastructure organisations such as global telecoms, financial institutions, and – increasingly – UK government departments, and within advanced technologies such as forensic network monitoring and quantum-based technologies."

The analysts have Target Price of 90p on the group's shares, currently 69.50p.

Next Tuesday, 27th October, the group will be announcing its Final Results to end-June, which I expect will show a doubled pre-tax profit for the year.

I now set a new Target Price of 87p.