Babcock International Group PLC (BAB.L) Key Developments | Reuters.com
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Babcock International Group PLC (BAB.L)

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Latest Key Developments (Source: Significant Developments)

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

Babcock International Group PLC to recommend final dividend
Monday, 18 May 2015 02:00am EDT 

Babcock International Group PLC:To recommend 10.4 pct increase in the final dividend per share for 2015 of 18.1 pence per share.If approved by shareholders at the AGM on July 30, this will give a total dividend for the year of 23.6 pence per share an increase of 10.4 pct.The final dividend will be paid on Aug 12 to shareholders on the register at July 3.  Full Article

Babcock International Group PLC sees FY 2015 outlook line with expectations
Monday, 30 Mar 2015 02:00am EDT 

Babcock International Group PLC:Expects FY 2015 results to be in line with its expectations.  Full Article

Babcock International Group PLC comments on FY 2014/15 guidance
Tuesday, 10 Feb 2015 02:00am EST 

Babcock International Group PLC:Says that it remains confident the Group will continue to make strong progress during this year and that the results for the FY 2014/15 will be in line with its expectations.  Full Article

Babcock International Group PLC's Cavendish Nuclear signs EDF Energy Lifetime Enterprise agreement and strategic partnership
Tuesday, 20 Jan 2015 05:00am EST 

Babcock International Group PLC:Says Cavendish Nuclear, its wholly owned subsidiary, has renewed its long-term agreements to support the operation of EDF Energy's nuclear power stations in the UK.Cavendish Nuclear has signed a Lifetime Enterprise Agreement (LEA) and Strategic Partnership for Lifetime Interface Agreement with EDF Energy.The agreements cover the continuation of fuel route and other services to the EDF fleet of Advanced Gas-cooled Reactor (AGR) and Pressurised Water Reactor (PWR) stations, currently worth over 40 mln pounds per year.It also creates the potential for growth through the provision of additional services.These agreements will be in place until the last of the AGR stations stop generating electricity, currently estimated to be in 16 years.  Full Article

Babcock International Group Plc enters into contracts with the UK Ministry of Defence
Wednesday, 17 Dec 2014 02:00am EST 

Babcock International Group Plc:Says further to the announcement of Nov. 19.Says it has entered into contracts with the UK Ministry of Defence for the acquisition of the Defence Support Group (DSG) and its associated service provision contract.Says through this Babcock will exclusively provide the maintenance, repair, overhaul and storage of a range of current military vehicles and light weapons.Says it will acquire DSG for a consideration of 140 mln Pounds and estimates that the service provision contract and output based services will be worth c 2 bln Pounds over ten years.Says it is expected the acquisition will complete on March 31, 2015 and the service provision contract will start on April 01, 2015.  Full Article

BAE Systems wins 300 million pounds UK aircraft support contract

LONDON British defense company BAE Systems has won a contract worth nearly 300 million pounds ($425.10 million) to provide in-service support to the Royal Air Force's fleet of fast jet training aircraft, the Ministry of Defense said on Monday.