Ascent joint venture contract award

RNS Number : 7888N

Babcock International Group PLC

02 February 2016

 

2 February 2016

Babcock International Group PLC (Babcock or the Group)

Ascent joint venture awarded contract to train UK military fixed wing pilots

The UK's Ministry of Defence (MOD) has today announced the award of a £1.1 billion contract to deliver the fixed wing element of the UK Military Flying Training System (UKMFTS) to Ascent Flight Training Ltd (Ascent).

Ascent, a 50/50 joint venture between Babcock and Lockheed Martin, is responsible for delivering the UK Military Flying Training System (UKMFTS) through to 2033, in partnership with the MOD. The aircrew training will take place at several military sites and comprises the delivery of three aircraft types, together with the provision of instruction, infrastructure and full life support through to 2033.

Babcock's Chief Executive Peter Rogers said:

"Fixed wing training is an important part of the 25-year UKMFTS programme. Today's announcement secures the future of fixed wing flight training for the UK's Armed Forces."

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Enquiries

Babcock International Group PLC	020 7355 5300
Franco Martinelli Kate Hill
FTI Consulting	020 3727 1340
Andrew Lorenz Nick Hasell Ascent Flight Training Ltd Press office	075 9060 0643

 

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