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Babcock International Group PLC (BAB.L)

BAB.L on London Stock Exchange

911.00GBp
22 Mar 2017
Change (% chg)

-8.00 (-0.87%)
Prev Close
919.00
Open
918.50
Day's High
918.50
Day's Low
910.00
Volume
4,981,811
Avg. Vol
1,711,755
52-wk High
1,112.00
52-wk Low
780.00

Latest Key Developments (Source: Significant Developments)

Babcock sees global revenue growing to around 30 pct over next five years
Tuesday, 14 Mar 2017 03:00am EDT 

Babcock International Group Plc :Has ambitions to grow global revenue to around 30 percent over next five years (FY16: 22 pct).  Full Article

Babcock International says H2 continued to see trading in line with expectations
Tuesday, 28 Feb 2017 02:00am EST 

Babcock International Group Plc : Trading update . Has traded in line with expectations during period, and outlook for full year remains unchanged . Addition to continuing to progress existing contracts, new order intake remained strong, maintaining our order book and pipeline at £30.8 billion . Second half of year has continued to see trading in line with our expectations .Board continues to expect good opportunities for growth..  Full Article

Babcock's bid for French Air Force contract recommended by France's DGA
Monday, 21 Nov 2016 06:13am EST 

Babcock International Group Plc : Babcock bid for French defence contract recommended by Direction Générale de l'Armement (DGA) . Babcock's share of FOMEDEC contract is expected to be worth over 400 mln euros, around half of which relates to financing of assets for customer . Final contract award will be subject to successful completion of French Ministère de la Défense's approval process . Currently in advanced discussions with a leading French industrial partner regarding execution of 11 year contract to provide new training aircraft .France's DGA recommended it be awarded contract to provide, maintain training platform, related services for French Air Force.  Full Article

Babcock says awarded defense contract from General Dynamics Electric Boat
Thursday, 13 Oct 2016 08:14am EDT 

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 08:22am EDT 

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 02:13am EDT 

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 07:10am EDT 

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 06:32am EDT 

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 03:06am EDT 

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 02:00am EST 

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

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