Contract Announcement

RNS Number : 8012Y
Babcock International Group PLC
20 May 2016
 

 

20 May 2016

 

 

Babcock International Group PLC (Babcock or the Group)

 

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

 

The UK's Ministry of Defence (MOD) has awarded a contract to deliver the rotary wing element of the UK Military Flying Training System (UKMFTS) to Ascent Flight Training Ltd (Ascent). 

 

The contract includes the delivery of Airbus H135 and H145 training aircraft, and the installation of new infrastructure and ground-based equipment. Ascent will place sub-contracts with Airbus for aircraft and integrated support, and with Babcock and Lockheed Martin for ground based training, equipment, infrastructure, ICT assets and integrated support. The total revenue value of the rotary wing contract to Babcock will be around £0.4 billion.

 

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.

 

Babcock's Chief Executive Peter Rogers said:

 

"Today's announcement secures the future of rotary wing flight training for the UK's Armed Forces. It also marks the placement of contracts by the MOD worth a total of £2.8 billion to deliver all four core training elements of UKMFTS."

 

Ends

 

 

 

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

 

 

 

07590 600643

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
CNTALMRTMBABBMF
UK 100

Latest directors dealings