The Sealion Consortium is bidding to secure the largest UK Ministry of Defence (MoD) shipping contract ever placed. Valued at around £1 billion over a 20 year plus period, the MoD requires a fleet of six RO-RO vessels to provide the immediate world-wide deployment of military equipment and Joint Rapid Reaction Forces.
The Sealion Consortium brings together the strengths of BAE SYSTEMS, the UK's largest defence prime contractor and largest UK shipbuilder; Stena, one of the world's foremost shipping companies and a world-class commercial ferry operator; ABN AMRO, an internationally recognised bank with extensive experience in both PFI and marine finance; Innisfree, a leading investor for equity in PFI projects; and Theisen Securities, shipping project advisors and financiers.
The MoD is expected to announce its preferred bidder in the spring with contract award in July. Success for Sealion will also help secure the longer-term future of Clydeside shipbuilding, providing significant levels of local employment and appreciable benefits to the associated UK manufacturing base. BAE SYSTEMS is committed to establishing its two Clydeside yards at Govan and Scotstoun, and its yard at Barrow in Cumbria, as a world-class shipbuilding centre and winning this MoD contract is a key building block in this strategy.