Babcock Int'l wins CMC-related contract

Babcock International has won a competitive contract from General Dynamics Electric Boat to manufacture 22 tactical missile tube assemblies as part of the common missile compartment (CMC) project for the UK Successor and US Ohio Class replacement submarine programmes.

This work is part of the second phase of the project and places Babcock as a critical supplier of missile tube assemblies.

Beginning towards the end of 2016 and expected to complete in the early 2020s, with further opportunities expected from future batches, the work will be carried out at Babcock's facilities at Rosyth and Bristol, sustaining around 150 positions created in the first phase.

The contract for this batch of CMC components is expected to be worth around £80 million.

At 1:26pm: (LON:BAB) Babcock International Group PLC share price was -2.75p at 988.25p