Babcock International: Ascent JV Awarded UK Military Pilots Training Job
February 02 2016 - 5:46AM
Dow Jones News
LONDON--Engineering support services firm Babcock International
Group PLC (BAB.LN) said Tuesday that Ascent Flight Training Ltd.,
has been awarded 1.1 billion pounds ($1.57 billion) contract by the
U.K.'s Ministry of Defence (MOD).
Ascent, a 50/50 joint venture between Babcock and Lockheed
Martin, will deliver the U.K. Military Flying Training System
through to 2033, in partnership with the MOD.
Babcock shares at 1015 GMT down 2 pence, or 0.2%, at 907 pence,
valuing the company at GBP4.57 billion.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
(END) Dow Jones Newswires
February 02, 2016 06:31 ET (11:31 GMT)
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