New Babcock-PGZ JV offers export potential
Steel cutting at PGZ on the first Miecznik frigate for Poland. The industrial partners also include Babcock, MBDA, Remontowa Shipbuilding and Thales UK (Photo: Babcock)
As construction on the first of three new frigates for the Polish Navy got underway, a new Joint Venture (JV) industrial arrangement between the frigate contractors, Babcock and PGZ, was announced.
The Framework Agreement signed on 18 August 2023 between the companies will see the creation of a JV company that will enable closer cooperation on Poland’s Miecznik frigate project, but also on other defence programmes.
A spokesperson from Babcock told Shephard that the commercial process is underway with a “drive by both parties to conclude and put in place the JV as soon as is practicable.”
As part of this process specific contractual arrangements will be agreed and a new name for the JV decided. According to the Babcock spokesperson the JV will be a Poland-based organisation using employees
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