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Wednesday, October 01, 2014

Babcock secures £2.6bn MoD contract

Astute class SSNBabcock, which manages Her Majesty’s Naval Bases at Devonport and Clyde, has been awarded a multibillion-pound contract to repair and maintain the Royal Navy's warships and submarines.

The group was awarded the £2.6bn contract by the Ministry of Defence (MoD) along with BAE Systems, which manages Portsmouth Naval Base and secured a £600m contract.

The agreement has safeguarded 4,000 jobs at Devonport Naval Base, with 1,500 and 2,000 at Clyde and Portsmouth respectively.

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