Hawk Synthetic Training Facility The Deal - PowerPoint PPT Presentation

Loading...

PPT – Hawk Synthetic Training Facility The Deal PowerPoint presentation | free to view - id: 1fc19c-ZDc1Z



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

Hawk Synthetic Training Facility The Deal

Description:

The first PFI contract awarded within BAE SYSTEMS ... Reflectone (BAE SYSTEMS) appointed preferred bidder November 1997 ... Financed by BAE Systems with an ... – PowerPoint PPT presentation

Number of Views:56
Avg rating:3.0/5.0
Slides: 11
Provided by: ICT399
Category:

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Hawk Synthetic Training Facility The Deal


1
Hawk Synthetic Training Facility The Deal
  • David Marshall
  • Associate Director
  • KPMG Corporate Finance

2
(No Transcript)
3
(No Transcript)
4
(No Transcript)
5
Hawk Synthetic Training Facility (HSTF)
  • The first Synthetic Training facility delivered
    into service for the UK MOD under the PFI
  • The first PFI contract awarded within BAE SYSTEMS
  • Training for the Hawk TMk1 A aircraft at RAF
    Valley for a 13 to 18 year term
  • 19 million funding requirement
  • Design, Build, Finance and Operate (DBFO) contract

6
Hawk - Procurement Timetable
  • Industry Briefing - February 1997
  • Return of bids April 1997
  • Reflectone (BAE SYSTEMS) appointed preferred
    bidder November 1997
  • Financial and contract close December 1997
  • Phased opening of facility December 1998 to
    December 1999

7
(No Transcript)
8
Financing the Hawk Facility
  • 19 million funding requirement over 18 years
  • Financed by BAE Systems with an intra-group
    corporate loan
  • Simple funding approach helped conclude financial
    close quickly without the delays that can be
    experienced using external funding
  • MOD did insist that a 10 portion of the debt
    finance should bear an equity type risk in the
    contract

9
Hawk Facility Payment Mechanism
  • Monthly charge for the CPT TMIS
  • Hourly charge for the IFS and WTS simulators
  • Guaranteed Take or Pay at 80 of Expected MOD
    usage
  • Third party usage encouraged with Revenue sharing

10
Hawk Synthetic Training Facility The
Contractors View
  • Ralph Pidsley
  • BAE SYSTEMS
About PowerShow.com