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01.03.2024 08:44:53 - dpa-AFX: Babcock Signs GBP 560 Mln Worth Maintenance Contract For UK's Nuclear Submarines
LONDON (dpa-AFX) - Babcock International Group PLC (BAB.L), an engineering
and construction company, on Friday said it has secured a full cost recovery
contract with the UK's Submarine Delivery Agency or SDA worth an estimated 560
million pounds.
As per the terms, the company will undertake the deep maintenance and life
extension program for HMS Victorious, one of UK's Vanguard Class nuclear
submarines.
'Through the HMS Victorious program, more than 1,000 jobs will be sustained in
the south west,' Babcock said in a statement.
The work on the submarine has already started, after the department committed to
authorize early-works from July 2023.
On Thursday, Babcock shares closed at 489.80 pence, down 0.08% in London.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
and construction company, on Friday said it has secured a full cost recovery
contract with the UK's Submarine Delivery Agency or SDA worth an estimated 560
million pounds.
As per the terms, the company will undertake the deep maintenance and life
extension program for HMS Victorious, one of UK's Vanguard Class nuclear
submarines.
'Through the HMS Victorious program, more than 1,000 jobs will be sustained in
the south west,' Babcock said in a statement.
The work on the submarine has already started, after the department committed to
authorize early-works from July 2023.
On Thursday, Babcock shares closed at 489.80 pence, down 0.08% in London.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
BABCOCK INTL GRP LS-,60 | 877431 | Frankfurt | 6,345 | 25.06.24 08:05:20 | +0,090 | +1,44% | 6,265 | 6,455 | 6,345 | 6,255 |
