The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBabcock Regulatory News (BAB)

Share Price Information for Babcock (BAB)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 527.00
Bid: 526.50
Ask: 527.50
Change: 17.00 (3.33%)
Spread: 1.00 (0.19%)
Open: 500.00
High: 534.50
Low: 500.00
Prev. Close: 510.00
BAB Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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
19th Oct 20152:17 pmRNSDirectorate Change
12th Oct 201510:00 amRNSDefence & Security Division: Contract Update
23rd Sep 20158:00 amRNSDirectorate Changes
18th Sep 20154:59 pmRNSPublication of Base Prospectus
17th Aug 20159:20 amRNSDirector/PDMR Shareholding
3rd Aug 201510:30 amRNSHolding(s) in Company
31st Jul 201511:31 amRNSDirector/PDMR Shareholding
31st Jul 201510:04 amRNSDirector/PDMR Shareholding
30th Jul 20154:24 pmRNSResult of AGM
30th Jul 20158:57 amRNSHolding(s) in Company
30th Jul 20157:00 amRNSAnnual General Meeting Trading Update
17th Jul 201511:29 amRNSDirector/PDMR Shareholding
14th Jul 20153:07 pmRNSHolding(s) in Company
10th Jul 201511:50 amRNSHolding(s) in Company
17th Jun 20154:58 pmRNSAnnual Financial Report
17th Jun 20154:38 pmRNSDirector/PDMR Shareholding
12th Jun 20153:25 pmRNSHolding(s) in Company
12th Jun 201510:06 amRNSDirector/PDMR Shareholding
10th Jun 20159:36 amRNSHolding(s) in Company
3rd Jun 20152:59 pmRNSHolding(s) in Company
3rd Jun 201510:23 amRNSTotal Voting Rights
1st Jun 20153:32 pmRNSNew Listing
18th May 201511:11 amRNSEurope midday: Stocks waver in a tight range; eyes still on Greece
18th May 20157:00 amRNSFinal Results
1st Apr 20154:48 pmRNSHolding(s) in Company
30th Mar 20157:00 amRNSCapital markets seminar and trading update
3rd Mar 201510:30 amRNSAppointment of non executive director
10th Feb 20157:00 amRNSInterim Management Statement
30th Jan 201510:42 amRNSDirector/PDMR Shareholding
20th Jan 201510:00 amRNSCavendish Nuclear contract award
15th Jan 20154:51 pmRNSDirector/PDMR Shareholding
18th Dec 201412:15 pmRNSRelease of Guarantors
17th Dec 20147:00 amRNSAcquisition
20th Nov 20147:00 amRNSHalf Yearly Report
19th Nov 201412:49 pmRNSPreferred Bidder - Defence Support Group
17th Nov 20147:15 amRNSDirector Declaration
10th Oct 201410:16 amRNSHolding(s) in Company
9th Oct 20144:01 pmRNSBlocklisting Interim Review
8th Oct 20149:43 amRNSHolding(s) in Company
3rd Oct 20147:00 amRNSCavendish Nuclear Site Visit
2nd Oct 20145:03 pmRNSPublication of Final Terms
1st Oct 20147:00 amRNSSignature of MSDF
22nd Sep 20145:44 pmRNSPublication of Base Prospectus and Rating
9th Sep 20141:58 pmRNSHolding(s) in Company
1st Sep 201410:01 amRNSContract Signature
20th Aug 20149:27 amRNSDirector/PDMR Shareholding
19th Aug 20143:20 pmRNSDirector/PDMR Shareholding
12th Aug 20143:38 pmRNSDirector/PDMR Shareholding
1st Aug 20147:00 amRNSContract Award
29th Jul 20147:00 amRNSBoard Changes

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.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.