Babcock International Group PLC Preferred bidder for UK naval frigate programme (0436M)
September 12 2019 - 2:00AM
UK Regulatory
TIDMBAB
RNS Number : 0436M
Babcock International Group PLC
12 September 2019
12 September 2019
Babcock International Group PLC (Babcock or the Company)
Babcock selected as preferred bidder for UK naval frigate
programme
Babcock Team 31, led by Babcock, the Aerospace and Defence
Company, has been selected by the UK Ministry of Defence as
preferred bidder 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 GBP250
million per ship.
Following a comprehensive competitive process, the UK Government
has chosen Babcock's Arrowhead 140, a capable, adaptable and
technology-enabled global frigate.
Work on the fleet of five ships will begin immediately following
formal contract award later this financial year, with detailed
design work to start now and manufacture commencing in 2021 and
concluding in 2027.
Archie Bethel, CEO Babcock said:
"Driven by innovation and backed by experience and heritage,
Arrowhead 140 is a modern warship that will meet the maritime
threats of today and tomorrow, with British ingenuity and
engineering at its core. It provides a flexible, adaptable platform
that delivers value for money and supports the UK's National
Shipbuilding Strategy.
"Arrowhead 140 will offer the Royal Navy a new class of ship
with a proven ability to deliver a range of peacekeeping,
humanitarian and warfighting capabilities whilst offering
communities and supply chains throughout the UK a wide range of
economic and employment opportunities."
The ships will be assembled at Babcock's Rosyth facility, and
involve supply chains throughout the UK, in line with the UK's
shipbuilding strategy. Babcock Team 31 will now enter into a period
of detailed discussions with the MOD and supply chain, prior to
formal contract award expected later this year.
ends
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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END
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