Serco's shares take walloping as Ministry of Defence takes back direct control of country's nuclear weapons early

took back direct control of the country’s nuclear weapons early. The
outsourcer, along with majority shareholder Lockheed Martin and Jacobs
Engineering, was stripped of the mandate to run the Atomic Weapons
Establishment, which maintains the warheads for the Trident submarine-based
nuclear deterrent, after years of delays and safety concerns. The trio are
due to hand over the operation on July 1, but senior sources say the switch
has been far from simple.

Mail on Sunday 16th May 2021

https://www.thisismoney.co.uk/money/investing/article-9582667/STOCKS-WATCH-Sercos-shares-walloping.html