Babcock Australia & New Zealand has been formally awarded certification of its asset management capability for complex military assets, under the global standard ISO 55001.
Babcock said this global accreditation, which was achieved ahead of time, came through working closely with CASG and the Department of Defence.
"This is a very important milestone for validating and strengthening our existing practices for marine sustainment here in Australia and New Zealand," said David Ruff, CEO, Babcock Australasia.
"Our best practice approach to life cycle management is well embedded across Naval Marine contracts in the UK, Canada and New Zealand, and is already being applied to key contracts more locally - such as Qantas, the Australian Defence Force and the Royal New Zealand Navy - enabling us to drive predictable asset acquisition, high availability management and cost efficiencies. This accreditation reinforces our market-leading asset management capabilities and positions Babcock, and its subsidiaries such as NSM, well for future Defence opportunities"
Babcock, under the Naval Ship Management (NSM) joint venture, was awarded a further five-year contract, worth around $200 million, to provide maintenance support services to the Australian Navy’s Anzac Class frigates.
The new contract awarded to NSM, the 50/50 joint venture between Babcock an UGL, is an extension of the contract signed in April 2016.
The program extension agreement, commencing this month, will see NSM deliver engineering services for the sustainment and total asset management of the eight frigates as part of the long-term Australian Warship Asset Management Agreement (WAMA).