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BAB Babcock International Group Plc

510.50
-6.00 (-1.16%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Babcock International Group Plc LSE:BAB London Ordinary Share GB0009697037 ORD 60P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -6.00 -1.16% 510.50 512.00 513.50 520.00 511.50 520.00 758,408 16:35:07
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 4.44B -35M -0.0692 -74.06 2.59B

Babcock International Group PLC Contract Award (2289J)

08/09/2016 9:00am

UK Regulatory


Babcock (LSE:BAB)
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RNS Number : 2289J

Babcock International Group PLC

08 September 2016

8 September 2016

Babcock International Group PLC (Babcock or the Group)

Babcock awarded contract to support Qantas across Australia

Babcock today announces that it has been awarded a five-year contract, with an option for a further two years, to support Qantas Group's ground support equipment (GSE) fleet at 60 locations across Australia.

The agreement streamlines the management of the airline's fleet of over 10,000 Ground Service Equipment assets spread across 60 locations within Australia, including Qantas' domestic, regional, freight, catering and engineering operations, as well as Jetstar.

Working with Qantas as its asset management partner, Babcock will deliver a programme to improve reliability of equipment and provide significant long term capability and cost benefits.

The Group already provides a range of support services at international airports, including London (Heathrow, Gatwick), Amsterdam (Schiphol) and São Paulo (Guarulhos) and most recently Rome (Fiumincino), and has extensive experience of successfully delivering fleet management services to a range of customers including the London Fire Brigade and Metropolitan Police.

Archie Bethel, Chief Executive of Babcock International Group, said:

"We have a proven track record of improving the performance and reliability of our customer's assets, whilst delivering efficiency savings. Qantas are regarded as one of the world's leading long-distance airlines and we are very much looking forward to working with them to implement a suite of modern fleet management systems and tools which will enhance safe and effective fleet capability across all the airline's sites."

Ends

Enquiries

 
 Babcock International 
  Group PLC               020 7355 5300 
 Franco Martinelli 
 Kate Hill 
 
 FTI Consulting           020 3727 1340 
 Andrew Lorenz 
 Nick Hasell 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

CNTSSAFDWFMSEIU

(END) Dow Jones Newswires

September 08, 2016 04:00 ET (08:00 GMT)

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