MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

 
Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above
 


Babcock wins £492 million contract with Australian Defence Force

ALN

Babcock International Group PLC on Friday said Babcock Australia has won a ten-year contract with the Australian Defence Force, worth around £492 million.

The London-based aerospace and defence firm said it will upgrade the Australian Defence Force's Defence High Frequency Communications System.

Under the agreement, Babcock will support the customer's existing high frequency capability, while delivering a comprehensive technology upgrade programme. The company noted that the new system will provide Australian and allied armed forces with the ability to securely communicate using voice and other data from almost any location.

The contract, which is worth around £492 million over 10 years, will see Australia join New Zealand and the UK in selecting Babcock as its partner in the engineering, operation and support of long range, resilient strategic HF communications.

"Babcock is now the largest provider of strategic HF communications in the world, built on a common mission system architecture that is both scalable and interoperable," the company said.

The programme is due to start in October 2023.

Chief Executive David Lockwood said: "In a modern threat environment, access to local communication infrastructure or satellite communication cannot be assured. Having a communications capability that can work seamlessly with the Australian Defence Force and its allies is essential."

Shares in Babcock were down 0.9% to 275.40 pence each in London on Friday morning.

Copyright 2022 Alliance News Limited. All Rights Reserved.