Business
Terms of Business Agreement w
Terms of Business Agreement w.
About this update from Babcock International Group Plc
[{"type":"text","content":"\n RNS Number : 0525W Babcock International Group PLC 21 July 2009 \n \n\n\n\n21 July 2009 \n\n\nBabcock International Group PLC (Babcock)\n\nTerms of Business Agreement with Ministry of Defence\n\nBabcock notes today's announcement by the Ministry of Defence (MoD) and reports that good progress continues to be made on the proposed Terms of Business Agreement (ToBA) between Babcock and the MoD. We expect this agreement to be signed by the end of 2009.\n\nThrough the long term partnering structures we already have in place with the MoD, Babcock has been able to ensure significant efficiency savings have been made for the Royal Navy. \n\nThe Babcock ToBA will be an overarching framework agreement covering support for the existing and future surface ship and submarine fleets and will include \n\n\n\nwaterfront support and fleet time engineering to ships and submarines operating from HM Naval Bases Clyde and Devonport\n \n\n\ndeep maintenance for ships and submarines at Devonport \n \n\n\nmanagement of HM Naval Bases Clyde and Devonport\n\n\nBabcock is committed to working with the MoD to deliver further savings and affordable and efficient through-life support to meet the long-term operational needs of the Royal Navy. \n\n\n\nEnquiries:\n\nBabcock International Group PLC 020 7355 5300\nBill Tame\nTerri Wright\n\nFD ...