Babcock International Group PLC
05 December 2002
5 December 2002
Babcock wins new contracts worth £35m
Contacts: Gordon Campbell Andrew Lorenz or Rob Gurner
Executive Chairman Financial Dynamics
Babcock International Group PLC Telephone: 020 7269 7291
Telephone: 020 7291 5000
Babcock International Group PLC, the support services company, today confirms
the securing of two contracts for the maintenance and support of the RAF's
flight simulators.
The first contract for £5m over 5 years is directly with the Ministry of
Defence. The second contract which is for engineering and logistic support on 8
military sites is for some £30m over a similar period with Thales Training and
Simulation (Merlin) Ltd, who will be providing instructors and ongoing design
support. These contracts replace and extend work already carried out by Babcock
in servicing the RAF's simulators. These contracts further highlight Babcock's
position in the forefront of the growing UK market for defence support services.
Notes to editors:
About Babcock International Group PLC
Babcock International Group PLC is a support services business providing
technical services, training and facilities management to the defence and civil
sectors. In the year to 31 March 2002 sales from continuing business were
£358.9 million.
The Group operates in three principal sectors: Technical Services (engineering
and support services in defence, rail, marine and secure facilities sectors),
Training & Support (support services, training and facilities management for the
defence and civil sectors) and Materials Handling (material processing
technologies and engineered systems). The Group is currently in the process of
disposing of the Material Handling division as part of Babcock's strategy to
focus on the support services market and, in the process, enhance shareholder
value.
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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