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Engineering group Babcock secures £800 mil fire service contract

2 Apr 2014 12:00 AM | Anonymous

FTSE -100 engineering contract company Babcock International has secured a contract to manage London’s Fire Brigade, in a deal worth £800 million over the next 21 years.

The London fire service contract success comes after a series of successes for the engineering firm after Babcock was named as the preferred bidder for the largest ever UK outsourcing contract on Monday, valued at £ 7 billion, for the decommissioning of nuclear reactors in the UK.

Babcock also recently completed the purchase of emergency service helicopter group Avincis for £1.6 billion.

The fire service management success has seen shares sore at Babcock as the markets react to the company’s rapid expansion over the last week, with shares closing up 3pc at £13.88.

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