Babcock secures £750m contract with MoD

(Sharecast News) - Defence company Babcock International said on Friday that it has signed a four-year £750m contract with the UK Ministry of Defence's (MOD) Submarine Delivery Agency (SDA). The contract will deliver the infrastructure required to support and sustain the UK's submarines "for decades to come", Babcock said.

As part of the major infrastructure programme underway at the Devonport site, Babcock said it will deliver substantial upgrades to existing infrastructure that will support the future capability of the Royal Navy and the UK's Defence Nuclear Enterprise.

The contract for the delivery of infrastructure to support submarine maintenance includes a dock, logistics and modern support facilities.

Babcock chief executive David Lockwood said: "The work we deliver in sustaining the entirety of the UK's submarine fleet is critical.

"This investment will ensure that we are able to continue to deliver the complex maintenance and life-extension programmes we undertake to ensure our Royal Navy can continue to go to sea safely, and able to deliver their important work in protecting our nation."