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Defence contractor Babcock International said it had won a contract from the UK Ministry of Defence to deliver its newest fleet of warships.
The general-purpose frigate programme would provide the UK with a fleet of five ships, at an average production cost of £250m per ship.
The frigates would be assembled at Babcock's Rosyth facility and involve supply chains throughout the UK, in line with the UK's shipbuilding strategy, the company said.
At 2:46pm: (LON:BAB) Babcock International Group PLC share price was +6.5p at 522.5p