- Ships will cost an average 拢250 million to produce and support 2,500 jobs
LONDON: Babcock International has won a contract to design new Type 31 frigates as Britain seeks to revive its once-mighty shipbuilding industry.
The frigates will be assembled at Babcock鈥檚 facility in Rosyth, Scotland, and the program will support more than 2,500 jobs across the Britain, including its supply chain.
The deal will boost Babcock鈥檚 efforts to repair ties with investors after a period when the engineering group鈥檚 management and stock price came under fire.
Its shares are more than 35 percent below their mid-2018 level. Babcock鈥檚 Arrowhead 140 design beat rival bids from BAE Systems and Atlas Elektronik UK, and a formal contract award is expected later this year, Babcock said.
鈥淎rrowhead 140 is a modern warship that will meet the maritime threats of today and tomorrow,鈥� Babcock Chief Executive Archie Bethel said.
鈥淚t provides a flexible, adaptable platform that delivers value for money and supports the UK鈥檚 National Shipbuilding Strategy.鈥�
The government will buy at least five of the frigates and has said the first ship is set to be in the water by 2023.
Babcock said detailed design work would start immediately, with manufacturing beginning in 2021 and finishing in 2027. The ships will have an average production cost of 拢250 million ($308 million) a ship.
HIGHLIGHTS
鈥� Babcock design selected for Type 31 frigate.
鈥� Firm beat designs from BAE Systems and Atlas Elektronik.
鈥� PM Johnson pledges to reinvigorate decimated shipyards.
The government has committed to keeping up a fleet of at least 19 frigates and destroyers with the aim of expanding the fleet in the 2030s. Type 31 frigates will replace Type 23 ships.
鈥�(The) UK is an outward-looking island nation, and we need a shipbuilding industry and Royal Navy that reflect the importance of the seas to our security and prosperity,鈥� Prime Minister Boris Johnson said in a statement.
鈥淚 am convinced that by working together we will see a renaissance in this industry which is so much part of our island story 鈥� so let鈥檚 bring shipbuilding home.鈥�
Britain is building patrol vessels and new Type 26 frigates at BAE Systems鈥� Govan shipyard on the Clyde river in Glasgow.
But the country鈥檚 shipbuilding industry has suffered a catastrophic decline in the past 40 years, with shipyards in places from Sunderland to Portsmouth closing.
Belfast鈥檚 Harland and Wolff shipyard, where the Titanic was built, went into administration last month.