Bab­cock strikes joint ven­ture with Aus­tralia’s navy

Yorkshire Post - Business - - NEWS -

Engineering group Bab­cock has struck a joint ven­ture deal worth £864m to pro­vide ser­vices to Aus­tralia’s navy.

Naval Ship Man­age­ment (NSM), a 50/50 joint ven­ture be­tween Bab­cock and UGL, has been awarded a 15-year con­tract by the Aus­tralian De­fence Force.

The en­tity will pro­vide sup­port ser­vices to the largest ves­sels in the Aus­tralian navy – two flag­ship Can­berra Class Land­ing He­li­copter Docks and their 12 as­so­ci­ated am­phibi­ous land­ing craft.

Bab­cock chief ex­ec­u­tive, Archie Bethel, said: “Through NSM we will ap­ply Bab­cock’s dig­i­tally en­abled as­set man­age­ment ca­pa­bil­i­ties to sup­port this strate­gi­cally im­por­tant ca­pa­bil­ity over the next decade and be­yond.”

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