Type 31 Contract Win

By

Regulatory News | 15 Nov, 2019

Updated : 14:15

RNS Number : 6267T
Babcock International Group PLC
15 November 2019
 

15 November 2019

Babcock International Group PLC (Babcock or the Company) 

Babcock awarded contract to deliver UK's Type 31 naval frigate programme

 

Babcock, the Aerospace and Defence Company, has been awarded a contract by the UK Ministry of Defence to deliver its newest fleet of warships. The Type 31 general-purpose frigate programme will provide the UK with a fleet of five ships, at an average production cost of £250 million per ship.

The formal contract award follows the announcement earlier this year that Babcock's Team 31 had been selected as Preferred Bidder following a competitive process. Babcock's Arrowhead 140 is a capable, adaptable and technology-enabled global frigate with a proven design and build strategy.

The frigates will be assembled at Babcock's Rosyth facility, and involve supply chains throughout the UK, in line with the UK's shipbuilding strategy.

 

ends

 

 

For further information please contact:

Babcock International Group PLC


Simon McGough

Kate Hill

Group Investor Relations

Group Director of Communications

Tel: +44 (0)20 3823 5592

Tel: +44 (0)20 7355 5312



FTI Consulting


Andrew Lorenz


Nick Hasell


Alex Le May


Tel: +44 (0)20 3727 1340


 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
CNTBABITMBMBBLL

Last news