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BAB Babcock International Group Plc

517.50
-3.00 (-0.58%)
Last Updated: 14:01:57
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
  -3.00 -0.58% 517.50 517.00 518.00 525.00 516.50 522.00 774,178 14:01:57
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 4.44B -35M -0.0692 -75.00 2.62B

Babcock International Group PLC Babcock awarded Italian firefighting contract (2338C)

18/01/2018 9:00am

UK Regulatory


Babcock (LSE:BAB)
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RNS Number : 2338C

Babcock International Group PLC

18 January 2018

18 January 2018

Babcock International Group PLC (Babcock or the Group)

Babcock awarded Italian firefighting contract

Babcock, a leading engineering services company, has been awarded a significant national contract by the Italian Ministry of Interior for a fully outsourced aerial firefighting service. Due to start in February 2018, the rebid is worth a total of around GBP160 million for the first four years and includes an option for a further four-year extension which could increase this value to around GBP320 million.

The contract, which Babcock has been successfully operating for seven years, will see the delivery of firefighting services across up to ten bases across Italy, together with fleet management, operations and maintenance of 19 CL-415 Canadair aircraft owned by the Italian Government.

Babcock Chief Executive Archie Bethel said:

"This is a flagship contract for Babcock's Aviation business and further demonstrates our international aerial firefighting capability. Aerial firefighting is a vital and life-saving service, as we saw from the devastating fires Europe experienced in 2017. I am delighted Babcock has again been chosen to deliver this nationally important contract across Italy."

Babcock's aviation business has also been awarded a new contract in Sweden to operate a patient transfer service for the people of Västra Götaland County, Sweden. This is a new Emergency Medical Services contract, which will see the Group operate a specially-configured AW169 from a new base in Gothenburg. Flights will start in 2018 when the operation transfers to Babcock from the current in-house provider. The four-year contract, with further options for two years' extensions, has a total value of up to 380 million SEK (GBP34m).

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

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(END) Dow Jones Newswires

January 18, 2018 04:00 ET (09:00 GMT)

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