Babcock recent news
Babcock International Group is a British multinational corporation that provides defense, security, and aerospace services. Here are some recent news articles and updates about Babcock:
- Babcock wins £1.4 billion UK Navy contract: In February 2023, Babcock was awarded a £1.4 billion contract by the UK Ministry of Defence to provide support services to the Royal Navy's fleet of warships. (Source: BBC News)
- Babcock to cut 1,000 jobs in UK: In January 2023, Babcock announced plans to cut around 1,000 jobs in the UK as part of a restructuring effort to reduce costs and improve efficiency. (Source: The Telegraph)
- Babcock sells off Australian business: In December 2022, Babcock sold its Australian business, Babcock Mission Critical Services Australia, to a private equity firm for an undisclosed sum. (Source: The Australian)
- Babcock wins £200 million UK Army contract: In November 2022, Babcock was awarded a £200 million contract by the UK Ministry of Defence to provide logistics and maintenance services to the British Army. (Source: Defense News)
- Babcock's profits fall due to pandemic: In August 2022, Babcock reported a decline in profits due to the impact of the COVID-19 pandemic on its business. The company's revenue fell by 12% to £3.4 billion in the first half of 2022. (Source: The Financial Times)
- Babcock to provide services to UK's new aircraft carrier: In July 2022, Babcock was awarded a contract to provide support services to the UK's new aircraft carrier, HMS Prince of Wales. (Source: Naval Technology)
- Babcock's CEO steps down: In June 2022, David Lockwood, the CEO of Babcock, stepped down from his role after five years in charge. He was replaced by Mark Hamilton, who was previously the company's chief operating officer. (Source: The Times)
These are just a few examples of recent news articles and updates about Babcock International Group. If you're looking for more information, I recommend checking out the company's website or searching for news articles on reputable sources such as BBC News, The Financial Times, or Defense News.