Babcock International Group PLC Contract Extension (8243P)
May 31 2018 - 5:00AM
UK Regulatory
TIDMBAB
RNS Number : 8243P
Babcock International Group PLC
31 May 2018
31 May 2018
Babcock International Group PLC (Babcock or the Group)
Babcock awarded Canadian submarine contract extension
Babcock, the global engineering services company, has secured a
three-year extension, worth around GBP225 million, to its existing
contract to provide in service support contract to Canada's fleet
of four Victoria Class submarines.
The contract which has been extended to 2021 is the largest
naval in-service support contract in Canada. It will see more than
400 highly experienced Babcock engineers, project managers and
specialist support staff continue to support all four submarines in
refit and in service, including deep maintenance periods as
required.
Babcock Group CEO Archie Bethel said:
"Babcock is a trusted industrial partner to the Royal Canadian
Navy and the extension of this strategic submarine support contract
underlines the belief in our expert delivery and the world class
technical support our team provides.
"We continue to invest in Canada's strategic submarine
capability through our skilled people, involvement in the Canadian
supply chain and our processes. We are delighted to be continuing
this relationship with a much valued customer."
Babcock experts design, build, operate and maintain assets vital
to the delivery of a wide range of mission critical services.
Babcock Canada is a leading naval in-service support specialist
with the ability to leverage international best practice from a
wide range of similar international navies and vessels around the
world.
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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END
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