Babcock's 50/50 joint venture with UGL won a further five year agreement, worth around £115m to the group, to provide maintenance support services for the Australian Navy. The programme agreement - which starts this month - will see the Naval Ship Management joint venture deliver critical engineering services to sustain eight ANZAC Class frigates as part of the long-term Australian Warship Asset Management Agreement. NSM will undertake the planning, scheduling, management and execution of preventative and corrective maintenance for the ANZAC fleet and its system support facilities on the East and West Coast of Australia. The WAMA programme, a strategic partnership between NSM, BAE Systems, SAAB and the Commonwealth of Australia, is designed to ensure that the frigates stay in service until at least 2031. NSM is responsible for the delivery of maintenance, including provision of an integrated schedule and elements of logistics supply. Babcock chief executive Archie Bethel said: 'I am delighted that we have successfully achieved the next stage of the contract to look after Australia's ANZAC fleet. 'Babcock has a long and successful history of working with the Australian Navy and we look forward to continuing that relationship over the next 14 years.'
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