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Pin to quick picksBabcock Regulatory News (BAB)

Share Price Information for Babcock (BAB)

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Share Price: 502.50
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Change: -6.00 (-1.18%)
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Open: 511.00
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Phoenix II contract award

17 Feb 2016 10:00

RNS Number : 3273P
Babcock International Group PLC
17 February 2016
 

 

17 February 2016

 

Babcock International Group PLC (Babcock or the Group)

 

Babcock selected as contractor for Phoenix II

 

The UK government's Ministry of Defence (MOD) has today confirmed its decision to award Babcock a six-year contract for the provision and management of its white fleet of vehicles.

 

The Phoenix II contract, which is subject to an obligatory standstill period of no less than 10 calendar days, replaces Babcock's existing Phoenix I contract which was awarded in 2011. The new contract is expected to come into effect on 29 February 2016.

 

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
 
 
MSCLIFFAFDIDLIR
Date   Source Headline
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19th Nov 20187:00 amRNSClarification on Sky News report
12th Nov 20187:00 amRNSResponse to speculation and update on trading
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