The FTSE-100 company announced that it was selected as the preferred bidder to the London Stock Exchange today (Monday).
The engineering outsourcing firm will manage the technical configuration of systems for two classes of Royal Navy vessels, supply spares and provide in-service support, Babcock said.
The Royal Navy's Type 45 vessels, which have had a number of problems and are all due to have engine replacements, are included in the deal.
The announcement comes a week after shares in Babcock drastically fell following the decision to end of its nuclear reactor clean-up contract early, and will recoup almost half of the £800m lost.
It is expected that the Marine Systems Support Partner deal will be a huge boost to the British company and its partners.
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