Business
Babcock signs agreement with Australian Navy
Babcock signs agreement with Australian Navy.
About this update from Babcock International Group Plc
[{"type":"text","content":"\n \nRNS Number : 7707A Babcock International Group PLC 03 January 2018 \n\n3 January 2018\n \nBabcock International Group PLC (Babcock or the Group)\nBabcock signs AU$200 million agreement with Australian Navy\n \nLeading engineering company Babcock's 50/50 joint venture with UGL has been awarded a further five year agreement, worth around £115 million (AU$200 million) to the Group, to provide maintenance support services for the Australian Navy.\n \nThe 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). \n \nNSM 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.\n \nBabcock CEO Archie Bethel said: \n \n\"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.\"\n \n \nEnds\n \n \n \nEnquiries\n \n\n\n\n\nBabcock International Group PLC\n\n\n020 7355 5300\n\n\n\n\nFranco Martinelli\n\n\n\n\n\n\n\nKate Hill \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFTI Consulting \n\n\n020 3727 1340\n\n\n\n\nAndrew Lorenz\n\n\n\n\n\n\n\nNick Hasell \n\n\n\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END CNTSSIFWEFASESF\n ","length":4286,"tagName":"div"}]