BCKIY Babcock International Group PLC (PK)

6.97

0.00 (0.00%)

Last Updated: 17:49:04

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Name	Symbol	Market	Type
Babcock International Group PLC (PK)	USOTC:BCKIY	OTCMarkets	Depository Receipt

	Price Change	% Change	Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Traded	Last Trade
	0.00	0.00%	6.97	6.04	6.75				0.00	17:49:04

Babcock JV Wins AUD1.5 Billion Contract With Australian Navy

03/12/2018 7:44am

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By Adam Clark

U.K. engineering company Babcock International Group PLC (BAB.LN) said Monday that its Naval Ship Management joint venture has been awarded a 1.5 billion-Australian dollar ($1.1 billion) contract by the Australian government.

The contract is for an initial five years, with the expectation of two further five-year extensions. Naval Ship Management will provide support services to the Australian navy's flagship Canberra Class Landing Helicopter Docks and their landing craft from July 2019.

Babcock holds an equal stake in Naval Ship Management with Australia's UGL Ltd, owned by CIMIC Group Ltd. (CIM.AU).

Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones

(END) Dow Jones Newswires

December 03, 2018 02:29 ET (07:29 GMT)