British engineering contractor Babcock International announced on Wednesday it had signed a further five-year agreement with the Australian Navy to provide critical services.
The 50-50 joint venture with Australia's UGL, called the Naval Ship Management (NSM), will continue to provide maintenance support services that will start immediately to sustain eight ANZAC Class frigates as part of the long-term Australian Warship Asset Management Agreement (WAMA).
Babcock said the five-year agreement would be worth around £115m to the company.
The WAMA programme is a strategic partnership between NSM, British aerospace and engineering group BAE Systems, Swedish peer Saab and the Commonwealth of Australia and was designed to keep the eight frigates in service until at least 2031.
Archie Bethel, chief executive of Babcock (left), 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."
Picture courtesy of Babcock International website