Babcock International has been selected by the London Fire Brigade as the preferred bidder for its new 25-year training contract expected to be worth in the order of £500m.
Babcock will be working with the London Fire Brigade, the UK's largest fire and rescue service, to develop and deliver training programmes and new training facilities.
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Chief Executive Peter Rogers said: "We are delighted to have been chosen as preferred bidder for this contract, which reflects our ability to provide market-leading and critical training support."
There will be a mandatory 10 day standstill period before the process can continue to final contract award.
The share price fell 0.45% to 670.5p by 12:12.
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