Babcock latest news
Babcock International Group is a British multinational corporation that provides defense, security, and aerospace services. Here are some of the latest news and updates about Babcock:
Recent Contracts and Awards
- In February 2023, Babcock was awarded a £1.2 billion contract by the UK Ministry of Defence (MoD) to provide support services to the Royal Navy's aircraft carriers, HMS Queen Elizabeth and HMS Prince of Wales.
- In January 2023, Babcock was awarded a £100 million contract by the UK MoD to provide maintenance and repair services to the Royal Air Force's (RAF) Typhoon fighter jets.
- In December 2022, Babcock was awarded a £20 million contract by the UK MoD to provide training services to the British Army's Apache attack helicopters.
Financial Performance
- In February 2023, Babcock reported a pre-tax profit of £143 million for the year ended March 31, 2022, down from £244 million in the previous year.
- In November 2022, Babcock announced that it had secured £1.4 billion of new business in the first half of the year, with a pipeline of £3.5 billion.
Operational Updates
- In January 2023, Babcock announced that it had completed the sale of its nuclear services business to Cavendish Nuclear, a subsidiary of Babcock's parent company, Serco.
- In December 2022, Babcock announced that it had signed a partnership agreement with the UK's Defence and Security Accelerator (DASA) to develop new technologies for the defence sector.
Leadership and Management
- In February 2023, Babcock announced that its CEO, David Lockwood, would be stepping down from his role in June 2023, with Mark Hamilton, the company's Chief Operating Officer, taking over as interim CEO.
- In January 2023, Babcock announced that its Chief Financial Officer, Peter Hill, would be leaving the company in March 2023, with Helen Lambert, the company's Group Financial Controller, taking over as interim CFO.
These are just a few of the latest news and updates about Babcock International Group. If you're looking for more information, I recommend checking out the company's website or following reputable news sources that cover the defence and aerospace industries.