Edition:
United Kingdom

Babcock International Group PLC (BAB.L)

BAB.L on London Stock Exchange

678.00GBp
15 Dec 2017
Change (% chg)

3.00 (+0.44%)
Prev Close
675.00
Open
675.00
Day's High
678.00
Day's Low
672.00
Volume
614,837
Avg. Vol
2,677,023
52-wk High
1,030.00
52-wk Low
651.00

Latest Key Developments (Source: Significant Developments)

UK's Babcock H1 revenue up 6 pct, sees more progress beyond this year
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Babcock International Group Plc six months ended 30 September 2017:‍profit before tax 181.9 million pounds​.‍we expect a slight improvement in overall group margin during second half​.‍revenue 2,316.7 million pounds​.‍Babcock remains confident that full year results will be in line with our expectations​.‍we will make further good progress beyond this year​.‍£146 million increase in underlying revenue; up 6%​.‍£11 million increase in underlying profit before tax; up 5%​.‍order book and bid pipeline increased to c£31 billion (fy17: c£30 billion)​.‍92% of revenue in place for this financial year; 59% of revenue in place for 2018/19​.‍despite volatile background, we continue to see opportunities across all our markets​.‍board continues to expect full year results to be in line with expectations​.‍we remain confident of making good progress this year and beyond.​.  Full Article

Babcock International Group awarded new regional contracts by UK Ministry of Defense
Friday, 17 Nov 2017 

Nov 17 (Reuters) - BABCOCK INTERNATIONAL GROUP PLC :CONTRACT AWARD.‍AWARDED THREE NEW REGIONAL CONTRACTS BY UK MINISTRY OF DEFENCE UNDER TECHNICAL SUPPORT SERVICES PROVISION FOR 17 SITES ACROSS WHOLE OF UK​.‍WORTH TOTAL AROUND £160 MILLION FOR FIRST FIVE YEARS FOR ALL THREE REGIONS, WITH OPTIONS FOR FURTHER TWO ONE-YEAR EXTENSIONS WHICH COULD INCREASE VALUE TO AROUND £220 MILLION​.  Full Article

Babcock says awarded defense contract from General Dynamics Electric Boat
Thursday, 13 Oct 2016 

Babcock International Group Plc : Contract award . As been awarded a competitive contract from General Dynamics Electric Boat . Says contract for this batch of CMC components is expected to be worth around 80 mln stg .Towards end of 2016 and expected to complete in early 2020s, with further opportunities expected from future batches.  Full Article

LMT says Sikorsky and Babcock sign 10-yr agreement for support for Babcock's S-92 helicopter fleet
Monday, 11 Jul 2016 

Lockheed Martin Corp :Sikorsky and Babcock Mission Critical Services Ltd today signed a 10-year agreement providing babcock's S-92 helicopter fleet with extended support for its aftermarket material needs.  Full Article

Babcock post 8 pct rise in FY revenue, bright outlook
Wednesday, 25 May 2016 

Babcock International Group Plc : Continuing track record of growth driven by strong operational performance - key markets remain positive . Over past year order book has been maintained at 20 billion pounds since reaching that level at end of last financial year . Mains confident in underlying performance of group and expects to achieve further good progress this year and beyond. . Total revenue for year was 4,842.1 million pounds ($7.07 billion), up 8 percent. . Visibility provided by strong order book and bidding pipeline . Full year underlying operating profit rose 4 percent to 539.7 million pounds . Recommends a 9 percent rise in final dividend per share for 2016 of 19.75 pence per share . Total dividend up 9 percent to 25.8 pence per share . Full year revenue rose 8 percent to 4.842 billion pounds . Profit before tax up 10 percent Further company coverage: [BAB.L] ($1 = 0.6845 pounds) (Reporting by UK bureau) ((elizabeth.oleary@thomsonreuters.com;)).  Full Article

Airbus says awarded 500 mln stg helicopter contract in UK
Friday, 20 May 2016 

Airbus Group : Airbus helicopters in UK has been selected by Ascent as aircraft service provider for UK’s military flying training system . Contract worth 500 million stg over 17 years, will see Airbus helicopters deliver aircraft and support solution over the course of 18 months .Says ready to start training in April 2018.  Full Article

Babcock says Ascent JV awarded contract to train UK military rotary wing pilots
Friday, 20 May 2016 

Babcock International Group Plc : UK's Ministry of Defence has awarded a contract to deliver rotary wing element of UK Military Flying Training System to ascent flight training . Total revenue value of rotary wing contract to Babcock will be around £0.4 billion. . Contract includes delivery of Airbus H135 and H145 training aircraft, and installation of new infrastructure and ground-based equipment Further company coverage: [BAB.L] ((Bengaluru Newsroom: +91 806 749 1136;)).  Full Article

Babcock says Ascent JV awarded contract to train UK military rotary wing pilots
Friday, 20 May 2016 

Babcock International Group Plc : UK's Ministry of Defence has awarded a contract to deliver rotary wing element of UK Military Flying Training System to ascent flight training . Total revenue value of rotary wing contract to Babcock will be around £0.4 billion. . Contract includes delivery of Airbus H135 and H145 training aircraft, and installation of new infrastructure and ground-based equipment Further company coverage: [BAB.L] ((Bengaluru Newsroom: +91 806 749 1136;)).  Full Article

Babcock International Group PLC announces CEO succession
Thursday, 28 Jan 2016 

Babcock International Group PLC:Says Peter Rogers will retire on 31 August 2016.Says Archie Bethel will succeed Peter as Chief Executive.  Full Article

UPDATE 1-Britain's FTSE advances, led by gains in financial services

* HSBC rises as threat of laundering penalties lifted (Adds closing prices, more stocks)