Babcock International Group PLC
30 May 2002
Date: 30th May 2002
Contact: Bill Tame, Group Finance Director
Babcock International Group PLC
Telephone: 020 7291 5000
Ginny Pulbrook
Rupert Steveney
Citigate Dewe Rogerson
Telephone: 020 7282 2945
Babcock International Group PLC
Contract Win
Babcock International Group PLC, the support services company, is pleased to
announce that its subsidiary, Babcock Naval Services, has signed a contract for
partnering services at HM Naval Base Clyde. The contract, which is valued at
approximately £350m, will be for a period of five years with an option for a
further five years.
Commodore John Borley, Director Naval Base Clyde, in placing the contract with
Babcock Naval Services said:
'Today marks another major milestone in the history of the Clyde Naval Base. I
am confident that the partnering contract signed with Babcock Naval Services
will enable the base not only to maintain but even to improve the high standard
of support that the Royal Navy has rightly come to expect from us'.
Accepting the contract on behalf of Babcock Naval Services, John Howie, Managing
Director said:
'We are delighted that we have been able to secure this prestigious contract
from the Ministry of Defence, and look forward to building a long term
successful partnering relationship with the Naval Base. We look forward to
working with our new employees and the Trades Unions to ensure that our Customer
continues to receive high quality support services with improvements in value
for money '.
Notes for Editors: Babcock International Group PLC
Babcock International Group PLC is a support services business primarily
supplying technical support services and facilities management to the Ministry
of Defence. Sales in the 6 months to 30th September 2001 were £227 million.
Babcock's head office is in London and the Company's shares are quoted on the
London Stock Exchange. For further information, please visit Babcock's website
at www.babcock.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
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