The FTSE 100 defence giants Babcock International and BAE Systems have shared a £3.2bn naval contract bonanza.
Securing 7,500 jobs at Portsmouth, Devonport in Plymouth, and Faslane on the west coast of Scotland, the five-year shipyard management and naval fleet repair maintenance deals represent the second biggest Ministry of Defence award, after a £3.5bn Scout armoured vehicle contract, since the Coalition came to power in 2010.
Michael Fallon, the Defence Secretary, said the Maritime Support Delivery Framework “reflects our commitment to giving our armed forces what they need to keep Britain safe”.
Babcock will reap £2.6bn to manage both Devonport and Faslane, where Trident nuclear submarines are maintained.
BAE’s share of the work is worth £600m and will involve operational support, programme management and design in Portsmouth.Reuse content