Costain Group Regulatory News (COST)

Costain Group PLC

("Costain" or "the Group")

Costain awarded framework contract by BAE Systems for submarine site redevelopment programme

Costain, the engineering solutions provider, has been appointed by BAE Systems as one of its framework contractors on the eight-year, £300m-plus programme to redevelop its submarine site, in Barrow-in-Furness, Cumbria.

The Programme involves the redevelopment of the Barrow site in preparation for the building of a replacement for the Vanguard class submarines, as part of the renewal of the UK's nuclear deterrent. Costain will provide nuclear project delivery on operational sites and will deliver the integration of works into existing submarine build programmes.

Work will commence in early 2015.

Andrew Wyllie, Chief Executive of Costain, commented:

"We have been selected for our expertise in the process, mechanical and electrical delivery of nuclear projects, as well as our reputation for working collaboratively with our customers, other delivery partners and the local community.  We are looking forward to a long term and successful relationship with BAE Systems, a major new customer for us."

5 November 2014

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