Toll Group MD Paul Little

Logistics provider Toll Group has successfully tendered for a Defence contract worth over a billion dollars.

With signing expected shortly, the contract involves supply of removal and relocation services to the Australian Department of Defence. It comprises an initial five-year period, followed by up to four one-year extensions at the discretion of the department.

"The initial five-year period is expected to generate revenues of more than AUD1 billion, and if the extensions are granted, total revenue of around AUD2 billion would be expected," says Toll Group MD Paul Little.

"Defence require over 22,000 removals and 23,000 relocations to be managed each year under this contract, which is the largest of its type in Australia.

"The tender win will entail substantial growth and opportunities for Toll with over 100 additional staff being recruited and a number of new offices being established around the country," adds Little.