Contract Award

Released : 21.11.2016

RNS Number : 7140P
Babcock International Group PLC
21 November 2016
 

21 November 2016

 

 

Babcock International Group PLC (Babcock or the Group)

 

Babcock bid for French defence contract recommended by DGA

 

Babcock is pleased to announce that, following a competitive bid process, France's Direction Générale de l'Armement (DGA) has recommended it be awarded a contract to provide and maintain a training platform and related services for the French Air Force (l'Armée de l'Air).

Babcock's share of the FOMEDEC contract is expected to be worth over €400 million, around half of which relates to the financing of assets for the customer. The Group is currently in advanced discussions with a leading French industrial partner regarding the execution of the 11 year contract to provide new training aircraft, related simulators and modernised training facilities for the training of fighter jet crews to be performed by Air Force itself.

Final contract award will be subject to the successful completion of the French Ministère de la Défense's approval process, following the usual pre-contractual standstill period.

 

 

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
 
 
CNTFEUFFFFMSESF