Babcock signsed AUD 200 million agreement with Australian Navy Leading engineering company Babcock's 50/50 joint venture with UGL has been awarded a further five year agreement, worth around £115 million (AUD 200 million) to the Group, to provide maintenance support services for the Australian Navy. The programme agreement, starting in January 2018, will see the Naval Ship Management (NSM) joint venture deliver critical engineering services to sustain eight ANZAC Class Frigates as part of the long-term Australian Warship Asset Management Agreement (WAMA). NSM will undertake the planning, scheduling, management and execution of preventative and corrective maintenance for the ANZAC fleet and its system support facilities on the East and West Coast of Australia. The WAMA programme, a strategic partnership between NSM, BAE Systems, SAAB and the Commonwealth of Australia, is designed to ensure that the Frigates stay in service until at least 2031. NSM is responsible for the delivery of maintenance, including provision of an integrated schedule and elements of logistics supply.