Babcock unit wins French Air Force contract

Babcock France has been awarded a contract by France's Direction Generale de l'Armement to provide and maintain a training platform and related services for the French Air Force.

The 11-year FOMEDEC contract will provide new training aircraft, related simulators and modernised training facilities for the training of fighter jet crews to be performed by the Air Force itself.

Babcock's share of the FOMEDEC contract is expected to be worth over €500 million, around half of which relates to the financing of assets for the customer. The contract will start immediately and the first aircraft will be delivered in March 2018.

Babcock International chief executive Archie Bethel said: "We are delighted that our French company will be working as a key support partner on this major French defence contract. The project will draw on our expertise in the European aviation industry and our experience of delivering long-term military flight training programmes. We look forward to working with the French Air Force over the next decade."

At 9:17am: (LON:BAB) Babcock International Group PLC share price was +0.75p at 951.75p