BAE SYSTEMS PLC BA. Re Contract

  BAE SYSTEMS PLC (BA.) - Re Contract

RNS Number : 0737R
BAE SYSTEMS PLC
14 November 2012




                                      

     BAE Systems agrees settlement with Government of Trinidad and Tobago

                                      

                                      

                                                              14 November 2012

                                                                             

                                      

Following the announcement on 21 September 2010 regarding the disputed
Offshore Patrol Vessel contract with the Government of the Republic of
Trinidad and Tobago (GORTT), BAE Systems and GORTT have reached agreement on a
settlement.



The three Offshore Patrol Vessels that werethe subject of the GORTTcontract
were subsequently sold to the Brazilian Navy under a contract signed in
December 2011 and the first ship was handed over to the Brazilian Navy in June
this year.



The settlement with GORTT is at an amount consistent with provisions held.





Issued by:

BAE Systems plc

London













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CNTGLBDBCUBBGDS -0- Nov/14/2012 07:01 GMT
 
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