19th Feb 2015 13:18
LONDON (Alliance News) - Leidos Holdings Inc, a US engineering company, was Thursday chosen as the UK Ministry of Defence's preferred bidder for the logistics commodities and services programme.
According to Reuters, Babcock International Group PLC also was in the running.
Babcock shares were down 4.6% at 1,001 pence on Thursday.
The Ministry of Defence is looking to save about GBP500 million over the next thirteen years.
"There are still a number of steps in the commercial process before the deal is concluded and a contract signed. The MOD can confirm that, subject to contract signature, the preferred bidder proposes to construct a defence fulfilment centre next to the existing MOD site at Donnington in Shropshire," the Ministry of Defence said.
http://www.reuters.com/article/2015/02/19/britain-defence-contract-idUSL5N0VT33D20150219
By Samuel Agini; [email protected]; @samuelagini
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