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Babcock International Group PLC (BAB.L)

BAB.L on London Stock Exchange

877.00GBp
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916.50
Open
900.00
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Babcock agrees termination of UK nuclear decommissioning deal

Babcock International reached a deal with Britain's Nuclear Decommissioning Authority (NDA) on Monday to end a contract to clean up 12 Magnox nuclear sites, pulling 800 million pounds ($1.01 billion) from Babcock's order book.

UPDATE 1-Babcock says on track to achieve full-year targets

Feb 28 Babcock International remains on track to achieve its full-year targets, the British engineering support and outsourcing company said on Tuesday, noting that order intake remained strong.

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)

Babcock aims to grow international business to 30 pct of turnover in 5 yrs

EDINBURGH, Nov 22 Babcock International aims to expand its foreign business to make up 30 percent of sales, CEO Archie Bethel said on Tuesday, adding that prospects for the defence sector had been underpinned by recent political events.

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