Babcock FMSP bridging agreement extended

Babcock International Group PLC

30 September 2026

 

30 September 2026

Babcock FMSP bridging agreement extended

Babcock International Group PLC (Babcock or the Group), the defence company, has agreed a two-month extension to the Future Maritime Support Programme (FMSP) bridging agreement with the UK Ministry of Defence (MOD). This extension will commence on 1 October 2026.

This provides continuity of critical naval base and nuclear submarine fleet support services while Babcock and the MOD finalise the successor contract, the Gateway Agreement.

The Gateway Agreement will provide the long-term framework for Babcock’s critical contribution to UK defence capability as the sole provider of in-service submarine support to the Royal Navy. It will enable Babcock to support the Royal Navy’s Continuous At Sea Deterrent and its move to warfighting readiness, while providing the foundation for delivering the UK Government’s long-term investment in the submarine enterprise.

ENDS

For further information:

Andrew Gollan, Director of Investor Relations [phone]

Karen Mitchell, Director of Communications [phone]

Harry Cameron / Camilla Cunningham, Teneo [phone]

Certain statements in this announcement are forward-looking statements. Such statements may relate to Babcock's business, strategy and plans. Statements that are not historical facts, including statements about Babcock's or its management's beliefs and expectations, are forward-looking statements. Words such as 'believe', 'anticipate', 'estimates', 'expects', 'intends', 'aims', 'potential', 'will', 'would', 'could', 'considered', 'likely', and variations of these words and similar future or conditional expressions are intended to identify forward-looking statements but are not the exclusive means of doing so. By their nature, forward-looking statements involve a number of risks, uncertainties or assumptions, some known and some unknown, many of which are beyond Babcock's control that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties or assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Forward-looking statements contained in this announcement regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. Nor are they indicative of future performance and Babcock's actual results of operations and financial condition and the development of the industry and markets in which Babcock operates may differ materially from those made in or suggested by the forward-looking statements. You should not place undue reliance on forward-looking statements because such statements relate to events and depend on circumstances that may or may not occur in the future. Except as required by law, Babcock is under no obligation to update (and will not) or keep current the forward-looking statements contained herein or to correct any inaccuracies which may become apparent in such forward-looking statements. Forward-looking statements reflect Babcock's judgement at the time of preparation of this announcement and are not intended to give any assurance as to future results.

 

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