New Babcock-PGZ JV offers export potential
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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