Important17 Nov 2022 07:51
The manufacture contract is due to be awarded by Defence Equipment & Support (DE&S) by the first quarter of 2023 to Navantia, as Prime Contractor, subject to successful completion of the Preferred Bidder process and approvals. The Company and BMT will be Sub-contractors respectively within the consortium.
The Company will now enter a period of negotiation to finalise the terms and scope of the specific works to be undertaken by the Company. Once the various contracts currently under negotiation are executed, a further announcement will be made detailing the specific economic and financial benefits of this programme to the Company.