A billion pound contract to provide 5,000 military vehicles will deliver 40 new jobs at Cambridge firm Marshall Specialist Vehicles.
1 billion city jobs boost
Lord Bach, Minister for Defence Procurement, visited Cambridge to announce that a consortium, including Marshall SV, is the preferred bidder to provide support vehicles for the armed forces.
The 1.1billion Ministry of Defence project will see consortium leader MAN ERF provide 5,000 vehicles for use by 2007 with an option for thousands more vehicles under consideration.
While the exact terms of the contract have yet to be finalised, the value to Marshall SV would be about eight to 10 per cent of the total in the period 2007 to 2014 - approximately 100 million a year.
This is expected to secure the future of around 50 to 60 existing employees and to create a further 30 to 40 additional jobs.
Lord Bach said: 'This is great news for our armed forces and great news for Marshall too. I congratulate you all on winning this contract.'
He paid tribute to Marshall SV's 'excellent workforce', the trade unions and Cambridge MP Anne Campbell for playing their part in the bid.
He added: 'These trucks are the workhorses of our ground troops and they will bring our front line forces a much improved capability for transporting vital supplies.'
Robert Marshall, chief executive of Marshall SV, said: 'This will provide a very stable base of manufacturing jobs over the next 10 to 14 years.
'Marshall SV is delighted to be part of this very effective consortium which is uniquely placed to provide support vehicles of the very highest quality.'
Mrs Campbell said: 'I am really delighted. This demonstrates the enormous amount of confidence the MoD has in the company.'
The new vehicles will be a mix of cargo and recovery vehicles and will have a service life of 20 years.
They will be capable of transporting large quantities of bulk equipment, have improved cross-country capabilities and can be fitted with blast- proof armour.
In previous contracts, Marshall SV has already provided more than 80,000 vehicle bodies and 5,000 tactical shelters to the armed forces.
Founded in 1909, the Marshall Group has a turnover of £2.5bn and over 5,700 employees. Headquartered on a 900-acre site in Cambridge, Marshall has three principal arms to the business: Aerospace and Defence; Property; and Ventures.