TIDMBAB
RNS Number : 0525W
Babcock International Group PLC
21 July 2009
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21 July 2009
Babcock International Group PLC (Babcock)
Terms of Business Agreement with Ministry of Defence
Babcock 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.
Through 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.
The Babcock ToBA will be an overarching framework agreement covering support for
the existing and future surface ship and submarine fleets and will include
* waterfront support and fleet time engineering to ships and submarines operating
from HM Naval Bases Clyde and Devonport
* deep maintenance for ships and submarines at Devonport
* management of HM Naval Bases Clyde and Devonport
Babcock 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.
Enquiries:
Babcock International Group PLC020 7355 5300
Bill Tame
Terri Wright
FD020 7269 7291
Andrew Lorenz
Sophie Kernon
This information is provided by RNS
The company news service from the London Stock Exchange
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