BAE, Babcock Make UK MoD's Shortlist for GBP1.25 Billion Warship Tender
10 Dezembro 2018 - 4:59AM
Dow Jones News
By Carlo Martuscelli
The U.K. Ministry of Defence has shortlisted BAE Systems PLC
(BA.LN), Babcock International Group PLC (BAB.LN) and Atlas
Elektronik UK for a 1.25 billion-pound ($1.59 billion)
warship-construction project.
The three companies advance to the next stage of the selection
process to win the contract to build five frigates, with the victor
set to be announced by the end of next year, the government
department said on Monday.
The trio have each been awarded GBP5 million to fund the
development of the next planning stage, the ministry said.
The winner of the tender will design and manufacture the five
warships, and is to deliver the first unit in 2023.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
December 10, 2018 01:44 ET (06:44 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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