WIN Wincanton Plc

TIDMWIN

RNS Number : 4458C

Wincanton PLC

19 January 2015

For Immediate release 19 January 2015

Wincanton PLC

('Wincanton' or the 'Group')

BAE Systems Contract win

Outsourced logistics and warehousing operations supports global defence company's world class UK shipbuilding capabilities

Wincanton plc ("Wincanton" or "the Group"), a leading provider of supply chain solutions in the UK and Ireland has been awarded a new contract with major defence manufacturer BAE Systems, to provide full logistics and warehousing services in support of its UK shipbuilding operations. This includes its programme to deliver three new River Class Offshore Patrol Vessels for the Royal Navy.

The long-term agreement, which starts with the outsourcing of all logistics and warehousing at BAE Systems' sites in Glasgow, will see Wincanton operating a central warehousing facility, inbound scheduling and collections and provision of modular re-useable crates.

These activities will also be supported by Wincanton's nearby facility in Motherwell, currently supporting the build of the Queen Elizabeth Class Aircraft Carriers.

Charlie Blakemore, Transformation Director at BAE Systems' Naval Ships business, said:

"We have an existing relationship with Wincanton through the QE Class programme. During this programme the company has demonstrated its ability to add value to complex defence procurement programmes, making Wincanton the perfect fit to lead our wider logistics operations. This marks a significant step in our drive to transform our business, creating a world class UK naval engineering capability. Wincanton will help us to improve quality and efficiency in the delivery of complex warships, making our business more competitive in the long-term."

Eric Born, Wincanton's Chief Executive, said:

"The importance of an efficient shipbuilding industry to both Scotland and the wider UK cannot be underestimated, and we are committed and proud to be supporting BAE Systems at such a crucial time in its history.

"While this announcement underlines our position as the UK's leading logistics partner to the defence sector, more important is the wider picture, which is a leaner, more efficient logistics operation for BAE Systems, enhancing its world-class shipbuilding capabilities."

ENDS

For further information please contact:

 
 
  Wincanton plc 
Eric Born, Chief Executive              01249 710 000 
Adrian Colman, Group Finance Director 
 
  Buchanan 
Richard Oldworth / Gabriella Clinkard   020 7466 5000 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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