UGL Limited announced that Naval Ship Management (Australia) Pty Ltd (NSM), an incorporated 50:50 joint venture between UGL Infrastructure Pty Ltd and Babcock Pty Ltd (Babcock), has finalised contract negotiations for the ANZAC Ship Group Maintenance Contract (GMC) with the Defence Materiel Organisation.
The ANZAC GMC is a new five-year contract with an end value of approximately $300 million and the potential for further extensions out to 10 years, based on performance. Under the contract, NSM(Aust) will provide ship repair and maintenance services for the eight Royal Australian Navy ANZAC frigates.
