De La Rue to produce the UK ePassport
The 10-year contract to deliver the UK biometric passport was awarded following a competitive international tender process conducted by IPS and is subject to contract. The total value of the contract over this period is expected to be in the region of GBP 400 million with some initial investment in capability required at the start of the project.
De La Rue Identity Systems, a leader in identity solutions and part of De La Rue has already more than 50 secure identity management solutions worldwide. De La Rue is headquartered in the UK, the company revenue for FY 2008/2009, ending on March 28, 2009, reached GBP 502 million (EUR 589 million), a 7.6% increase over the previous year. The company’s profit before tax was GBP 105 million in FY 2008/2009, a 18.5% increase over the previous year.
De La Rue Identity Systems revenue account for GBP 30.4 million (EUR 35.7 million) sales, or just 6% of the Group total sales.