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Market Cap: £5.06b
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Type 31 Contract Win

15 Nov 2019 14:13

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

Babcock International Group PLC (Babcock or the Company)Β 

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

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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 Β£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.

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ends

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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

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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.
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