Babcock International Group PLC Contract Extension (8243P)

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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.

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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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May 31, 2018 05:00 ET (09:00 GMT)