If you would like to learn more about future focusIR related events and roundtables, please submit your details here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBabcock Regulatory News (BAB)

Share Price Information for Babcock (BAB)

Share Price is delayed by 15 minutes
Get Live Data
1,056.50    55.50 (5.54%)
Bid:
1,055.50
Ask:
1,056.50
Spread: 1.00 (0.095%)
Market Cap: £5.17b
BAB Live PriceLast checked at - London Stock Exchange

Intraday Babcock Share Chart

Contract Award

16 Nov 2017 14:00

RNS Number : 7363W
Babcock International Group PLC
16 November 2017
 

16 November 2017

 

Babcock International Group PLC (Babcock or the Group)

 

Babcock awarded three contracts to provide technical support services to UK's Royal Air Force

 

Babcock, a leading engineering services company, has been awarded three significant new regional contracts by the UK Ministry of Defence under the Technical Support Services Provision (TSSP) for 17 sites across the whole of the UK. Worth a total around £160 million for the first five years for all three regions, with options for a further two one-year extensions which could increase the value to around £220 million, the TSSP contracts include the provision of aircraft maintenance and operations, airfield support and operations, vehicle fleet logistics, together with specialist armoury and engineering support.

 

The contracts, won through a competitive tender process, are expected to see around 850 staff transferring into Babcock under TUPE regulations. Babcock's programme will support over 19 separate services and almost 5,000 requirements to Single, Joint and Tri Services.

 

Babcock Chief Executive Archie Bethel said:

 

"I am delighted Babcock has been selected to deliver this critical service across the RAF operational estate. These contracts cement our position as a key support partner to the RAF. We will deliver excellent integrated service capability as well as significant cost savings to our customer."

 

Defence Minister Harriett Baldwin said:

 

"We are investing this £160m in ensuring these RAF bases across the country continue to get the expert support they deserve, servicing equipment for the frontline and supporting our world-beating capability across the board. This pragmatic approach will ensure we are looking after our famous air force at home, as they protect our interests both here and around the globe."

 

Babcock already provides support to a small number of stations across all of the regions but these new contracts expand that coverage across the UK. The three regions cover the following RAF stations:

 

Region 1

Wales and West Midlands:

RAF Valley, RAF Shawbury, RAF Cosford and AAC Middle Wallop

 

 

Region 2

South East

RAF Wyton, RAF Henlow, RAF Halton, RAF High Wycombe and RAF Northolt

 

Region 3

Scotland and North East:

RAF Buchan, RAF Boulmer, RAF Fylingdales, RRH Staxton Wold, RAF Linton-on-Ouse, RAF Scampton, RAF Cranwell and RAF Neatishead

 

 

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
 
 
CNTFFFFEMFWSELF
Date   Source Headline
22nd Nov 20182:02 pmRNSDirector/PDMR Shareholding
22nd Nov 20181:55 pmRNSDirector/PDMR Shareholding
22nd Nov 201810:06 amRNSDirector/PDMR Shareholding
21st Nov 201811:51 amRNSDirector/PDMR Shareholding
21st Nov 20187:00 amRNSHalf year report
20th Nov 201810:03 amRNSHolding(s) in Company
19th Nov 20187:00 amRNSClarification on Sky News report
12th Nov 20187:00 amRNSResponse to speculation and update on trading
9th Oct 20189:00 amRNSSite Visit
19th Sep 20187:00 amRNSTrading Update
7th Sep 201810:35 amRNSPublication of a Prospectus
14th Aug 20183:04 pmRNSDirector/PDMR Shareholding
3rd Aug 20189:47 amRNSDirector/PDMR Shareholding
30th Jul 20187:00 amRNSStatement re: article in The Sunday Times
24th Jul 201810:35 amRNSDirector/PDMR Shareholding
20th Jul 201810:41 amRNSDirector/PDMR Shareholding
20th Jul 201810:40 amRNSDirector/PDMR Shareholding
20th Jul 201810:37 amRNSDirector/PDMR Shareholding
19th Jul 20181:00 pmRNSResult of AGM
19th Jul 20187:00 amRNSAnnual General Meeting Trading Update
29th Jun 201810:14 amRNSHolding(s) in Company
15th Jun 20189:37 amRNSHolding(s) in Company
14th Jun 20185:48 pmRNSDirector/PDMR Shareholding
14th Jun 20184:30 pmRNSNotice of AGM
14th Jun 201810:42 amRNSDirector/PDMR Shareholding
31st May 201810:00 amRNSContract Extension
23rd May 20187:00 amRNSFinal Results
10th May 20189:47 amRNSHolding(s) in Company
24th Apr 20189:56 amRNSHolding(s) in Company
27th Mar 201811:26 amRNSDirector/PDMR Shareholding
23rd Mar 20188:37 amRNSDirector Declaration
14th Mar 20184:18 pmRNSHolding(s) in Company
12th Mar 20188:53 amRNSDirector/PDMR Shareholding
9th Mar 20188:56 amRNSDirector/PDMR Shareholding
16th Feb 201812:46 pmRNSHolding(s) in Company
15th Feb 201812:34 pmRNSHolding(s) in Company
15th Feb 201812:32 pmRNSHolding(s) in Company
6th Feb 20187:00 amRNSTrading Update
19th Jan 20184:57 pmRNSHolding(s) in Company
19th Jan 20182:08 pmRNSHolding(s) in Company
18th Jan 20189:00 amRNSBabcock awarded Italian firefighting contract
17th Jan 20184:56 pmRNSDirector/PDMR Shareholding
12th Jan 20189:39 amRNSHolding(s) in Company
10th Jan 201810:19 amRNSHolding(s) in Company
8th Jan 20187:00 amRNSBabcock launches 'Team 31' bid for new UK frigate
3rd Jan 20187:00 amRNSBabcock signs agreement with Australian Navy
21st Dec 20177:00 amRNSDirectorate Change
18th Dec 20177:00 amRNSContract Award
11th Dec 20177:00 amRNSStatement re: Adoption of IFRS 15
6th Dec 201712:50 pmRNSDirector/PDMR Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.