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Babcock International Group PLC (BAB.L)

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Latest Key Developments (Source: Significant Developments)

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

UPDATE 2-Babcock says on track to hit full-year targets

* Defence sector underpinned by world politics shift (Adds comment on international business, outlook, shares)