Business
Contract Announcement
Contract Announcement.
About this update from Babcock International Group Plc
[{"type":"text","content":"\n \nRNS Number : 8012Y Babcock International Group PLC 20 May 2016 \n\n \n20 May 2016\n \n \nBabcock International Group PLC (Babcock or the Group)\n \nAscent joint venture awarded contract to train UK military rotary wing pilots\n \nThe UK's Ministry of Defence (MOD) has awarded a contract to deliver the rotary wing element of the UK Military Flying Training System (UKMFTS) to Ascent Flight Training Ltd (Ascent). \n \nThe contract includes the delivery of Airbus H135 and H145 training aircraft, and the installation of new infrastructure and ground-based equipment. Ascent will place sub-contracts with Airbus for aircraft and integrated support, and with Babcock and Lockheed Martin for ground based training, equipment, infrastructure, ICT assets and integrated support. The total revenue value of the rotary wing contract to Babcock will be around £0.4 billion.\n \nAscent, a 50/50 joint venture between Babcock and Lockheed Martin, is responsible for delivering the UK Military Flying Training System (UKMFTS) through to 2033, in partnership with the MOD.\n \nBabcock's Chief Executive Peter Rogers said:\n \n\"Today's announcement secures the future of rotary wing flight training for the UK's Armed Forces. It also marks the placement of contracts by the MOD worth a total of £2.8 billion to deliver all four core training elements of UKMFTS.\"\n \nEnds\n \n \n \nEnquiries\n\n\n\n\n \nBabcock International Group PLC\n\n\n \n020 7355 5300\n\n\n\n\nFranco Martinelli\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\nNick Hasell\n \nAscent Flight Training Ltd\nPress office\n\n\n \n \n \n07590 600643\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END CNTALMRTMBABBMF\n ","length":4240,"tagName":"div"}]