Babcock International Group PLC Babcock signs agreement with Australian Navy (7707A)

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RNS Number : 7707A

Babcock International Group PLC

03 January 2018

3 January 2018

Babcock International Group PLC (Babcock or the Group)

Babcock signs AU$200 million agreement with Australian Navy

Leading engineering company Babcock's 50/50 joint venture with UGL has been awarded a further five year agreement, worth around GBP115 million (AU$200 million) to the Group, to provide maintenance support services for the Australian Navy.

The programme agreement, starting in January 2018, will see the Naval Ship Management (NSM) joint venture deliver critical engineering services to sustain eight ANZAC Class Frigates as part of the long-term Australian Warship Asset Management Agreement (WAMA).

NSM will undertake the planning, scheduling, management and execution of preventative and corrective maintenance for the ANZAC fleet and its system support facilities on the East and West Coast of Australia. The WAMA programme, a strategic partnership between NSM, BAE Systems, SAAB and the Commonwealth of Australia, is designed to ensure that the Frigates stay in service until at least 2031. NSM is responsible for the delivery of maintenance, including provision of an integrated schedule and elements of logistics supply.

Babcock CEO Archie Bethel said:

"I am delighted that we have successfully achieved the next stage of the contract to look after Australia's ANZAC fleet. Babcock has a long and successful history of working with the Australian Navy and we look forward to continuing that relationship over the next 14 years."

Ends

Enquiries

 
 Babcock International 
  Group PLC               020 7355 5300 
 Franco Martinelli 
 Kate Hill 
 
 FTI Consulting           020 3727 1340 
 Andrew Lorenz 
 Nick Hasell

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January 03, 2018 02:00 ET (07:00 GMT)

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