Accessibility helpSkip to navigationSkip to contentSkip to footer

Cookies on FT Sites

We use cookies and other data for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.

Accept cookies
Manage cookies
  • Sign In
  • Subscribe
Open side navigation menuOpen search bar
Financial Times
SubscribeSign InmyFT
  • Home
  • World
    Sections
    • World Home
    • Israel-Hamas war
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    Most Read
    • Geert Wilders faces early setback in Dutch coalition talks
    • Argentina’s Javier Milei backs away from dollarisation as central bank pick rejects role
    • Hamas releases 24 hostages as Israel truce takes hold
    • Israeli intelligence ‘dismissed’ detailed warning of Hamas raid
    • Israel in diplomatic dispute with Spain and Belgium over Gaza bombardment
  • US
    Sections
    • US Home
    • US Economy
    • US Companies
    • US Politics & Policy
    Most Read
    • Companies
      Sections
      • Companies Home
      • Energy
      • Financials
      • Health
      • Industrials
      • Media
      • Professional Services
      • Retail & Consumer
      • Tech Sector
      • Telecoms
      • Transport
      Most Read
      • KPMG extends pay freeze to 12,000 UK staff
      • Tesla strikes in Sweden are ‘insane’, says Elon Musk
      • How BP’s ‘Sun King’ court enabled the rise and fall of Bernard Looney
      • Jeff Zucker hits out at rival Telegraph bidders for ‘slinging mud’
      • Online Thanksgiving Day shopping hits record as US consumers splurge
    • Tech
    • Markets
      Sections
      • Markets Home
      • Alphaville
      • Markets Data
      • Cryptofinance
      • Capital Markets
      • Commodities
      • Currencies
      • Equities
      • Fund Management
      • Wealth Management
      • Trading
      • Moral Money
      • ETF Hub
      Most Read
      • Argentina’s Javier Milei backs away from dollarisation as central bank pick rejects role
      • News updates from November 24: Hamas releases hostages as Israel truce begins, Netherlands’ VVD party deals blow to Geert Wilders’ government hopes
      • How BP’s ‘Sun King’ court enabled the rise and fall of Bernard Looney
      • Investors dump dollar in bet that US rates have peaked
      • Montenegro court clears crypto chief Do Kwon for extradition
    • Climate
    • Opinion
      Sections
      • Opinion Home
      • Columnists
      • The FT View
      • Lex
      • Obituaries
      • Letters
      Most Read
      • OpenAI has just fused its corporate ‘kill switch’
      • Europe’s problem? It’s too attractive
      • Slaying the worklessness monster is a thankless but crucial task
      • Fear not — equity is far from cancelled
      • How to fix Britain’s flashy economic announcements
    • Work & Careers
      Sections
      • Work & Careers Home
      • Business School Rankings
      • Business Education
      • Entrepreneurship
      • Recruitment
      • Business Books
      • Business Travel
      • Working It
      Most Read
      • Business Books: What to read this month
      • Brexit negotiator Michel Barnier: ‘The EU is not the same one the UK left’
      • Start-ups challenge culture of the Japanese salaryman
      • The inescapable tyranny of the bad boss
      • The Henry Mance Interview
    • Life & Arts
      Sections
      • Life & Arts Home
      • Arts
      • Books
      • Food & Drink
      • FT Magazine
      • House & Home
      • Style
      • Travel
      • FT Globetrotter
      Most Read
      • Tom Hanks: ‘I was a pretty lucky guy’
      • Napoleon and the mythmakers
      • Leon Black’s downfall confounds the legacy of #MeToo on Wall Street
      • Why the breakdown of the 9-to-5 job is making us lonelier
      • The downsizer’s dilemma: how the property market is trapping would-be movers
    • HTSI
    MenuSearch
    • Home
    • World
    • US
    • Companies
    • Tech
    • Markets
    • Climate
    • Opinion
    • Work & Careers
    • Life & Arts
    • HTSI
    Financial Times
    SubscribeSign In

    Babcock International Group PLC

    Add to myFT Digest

    Add this topic to your myFT Digest for news straight to your inbox

    • Tuesday, 14 November, 2023
      Babcock pays first dividend in 4 years ‘with confidence’

      Higher military spending and stronger balance sheet has made group’s results more predictable, says CEO

      Workers carry out maintenance on a ship in a dock operated by Babcock near the site of the Devonport freeport in Plymouth
    • Friday, 10 November, 2023
      Babcock wins £750mn UK submarine maintenance contract

      Defence company to upgrade infrastructure at the Devonport naval base

      Plymouth port area, including the site of the Devonport freeport, in England in March 2021
    • Thursday, 28 September, 2023
      Lex
      Babcock: defence contractor emerges from the depths Premium content

      Sensible targets and good execution explain why investors are taking another look at unloved stock

      A Vanguard nuclear submarine maintained by Babcock
    • Wednesday, 8 March, 2023
      PwC
      PwC fined by UK watchdog for failings in Babcock audits

      £5.6mn penalty is Big Four firm’s fourth in past year

      A section of Plymouth port
    • Wednesday, 23 November, 2022
      Lex
      Babcock: defence laggard must avoid further misfires Premium content

      Contractor needs to restore investors’ faith to spare it from more embarrassing retreats

      HMS Portland moored at a section of Plymouth port in England operated by Babcock
    • Tuesday, 22 November, 2022
      Babcock expects boom in military training demand on back of Ukraine war

      UK defence contractor generates bulk of revenues from support activities including equipment maintenance

      Workers carry out maintenance on a ship in a dock operated by Babcock International in Plymouth, UK
    • Thursday, 28 July, 2022
      BAE Systems PLC
      BAE and Babcock defy supply woes and inflation as profits rise

      UK’s top two defence groups expect Ukraine war to bring growth in orders

      BAE Systems military aircraft on display at the Farnborough International Airshow
    • Monday, 17 January, 2022
      PwC
      UK accounting regulator extends probe into PwC over Babcock audits

      Watchdog to investigate defence contractor’s accounts of 2019 and 2020 as well as 2017 and 2018

      PwC in Sofia
    • Monday, 17 January, 2022
      Aerospace & Defence
      Babcock boss fears anti-defence lobby is hijacking ethical agenda

      The industry needs to be more robust about the important role it plays in protecting democracy, says David Lockwood

    • Monday, 13 September, 2021
      Aerospace & Defence
      Rolls-Royce and Babcock sell shares in AirTanker to boost balance sheets

      Private equity group Equitix to pay £315m for stake in RAF’s fleet of refuelling planes

      F-35B Lightning jets during a refuelling exercise with an RAF Voyager
    • Friday, 30 July, 2021
      Babcock shares tumble after it reveals £1.6bn loss

      Head of UK’s second-biggest defence company says group can be strengthened without an equity issue

      HMS Portland is moored at a section of Plymouth port operated by Babcock International near the site of the Devonport freeport in Plymouth
    • Tuesday, 4 May, 2021
      Babcock prepares sale of rail business as overhaul continues

      Defence group also looks at disposal of parts of aerial emergency services division

      A helicopter operated by Babcock
    • Tuesday, 13 April, 2021
      Lex
      Babcock: positively buoyant with rights at bay Premium content

      Attack may be the best form of defence

      Workers carry out maintenance on a ship in a dock operated by Babcock International Group near the site of the Devonport freeport in Plymouth, UK
    • Tuesday, 13 April, 2021
      Babcock to take £1.7bn writedown after contract review

      Shares surge as Britain’s second-biggest defence contractor avoids rights issue to shore up finances

      UK nuclear submarine at at HM Naval Base Clyde, Faslane, Scotland
    • Thursday, 8 April, 2021
      Aerospace & Defence
      Babcock braced for big asset writedown

      New chief executive expected to draw line under previous management

      HMS Ambush alongside Valiant Jetty at Faslane
    • Thursday, 11 March, 2021
      Babcock in talks to sell offshore helicopter business to US group

      UK defence company agrees conditional deal with CHC amid strategic review

      A Babcock-operated shipyard in Rosyth, Scotland
    • Monday, 8 March, 2021
      Babcock parts ways with long-term auditor PwC

      UK’s second biggest defence contractor signals fresh start under new management

    • Friday, 29 January, 2021
      Investments
      Next insider sells as retailer weathers the storm

      The retailer continues to impress despite market turmoil

    • Friday, 15 January, 2021
      Lex
      Babcock: crash dive Premium content

      Warning from defence services outsourcer fits with trend for wider UK outsourcing sector

    • Friday, 15 January, 2021
      Babcock warns of potential hit to balance sheet after contract review

      Shares dive 18% as UK defence company provides no financial guidance for this year

    • Wednesday, 1 July, 2020
      Babcock signals drive for change with chief executive appointment

      David Lockwood prepares to refocus business when he takes job in September

      UK aircraft carrier, the ‘HMS Queen Elizabeth’, was built in a joint venture between Babcock International, BAE and Thales
    • Thursday, 11 June, 2020
      Babcock defers dividend as group to miss profit margin targets

      UK defence contractor faces uncertainty from pandemic and deterioration in oil and gas market

      An artist’s impression of Babcock’s Type 31 frigates: the company said the project was largely on track, despite disruption caused by coronavirus
    • Wednesday, 5 February, 2020
      Babcock chair unveils sweeping changes at top

      Chief executive of UK defence contractor to stand down in reshuffle

      Ruth Cairnie, Rolls Royce
    • Thursday, 12 September, 2019
      UK defence industry
      Doubts over Type 31 frigate work for struggling yards

      H&W and Ferguson can bid on new contracts but without guarantees, warns Babcock

      Undated handout artist impression of the Arrowhead 140 warship. Engineering giant Babcock has been named the preferred bidder for the £1.3 billion contract to build a new fleet of Royal Navy frigates. PA Photo. Issue date: Thursday September 12, 2019. The five ships will be assembled at its Rosyth Dockyard in Fife and will involve supply chains throughout the UK. More than 2,500 jobs across the UK are expected to be supported as a result of the Type 31 programme, including 150 jobs for new technical apprenticeships. See PA story POLITICS Frigates. Photo credit should read: Babcock/PA Wire NOTE TO EDITORS: This handout photo may only be used in for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.
    • Thursday, 12 September, 2019
      UK defence spending
      Babcock group wins contract to build Royal Navy frigates

      Deal throws potential lifeline to collapsed shipyards in Northern Ireland and Scotland

      A shipyard worker cuts up pieces of the MSC Napoli cargo ship, as it lies in a dry dock at the Harland and Wolff ship builders in Belfast, Northern Ireland, U.K., on Wednesday, April 16, 2008. The MSC Napoli cargo ship was grounded off the English coast after getting into difficulties during bad weather in January 2007. Photographer: Paul McErlane/Bloomberg News
    Previous page You are on page 1 Next page

    Useful links

    Support

    View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT TourCareers

    Legal & Privacy

    Terms & ConditionsPrivacy PolicyCookie PolicyManage CookiesCopyrightSlavery Statement & Policies

    Services

    Share News Tips SecurelyIndividual SubscriptionsProfessional SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on XFT ChannelsFT Schools

    Tools

    PortfolioToday’s Newspaper (FT Digital Edition)Alerts HubBusiness School RankingsEnterprise ToolsNews feedNewslettersCurrency Converter

    Community & Events

    FT CommunityFT Live EventsFT ForumsFT Board DirectorBoard Director Programme

    More from the FT Group

    Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2023. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
    The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
    Financial Times

    International Edition

    Subscribe for full access
    • Switch to UK Edition

    Top sections

    • Home
    • World
      • Israel-Hamas war
      • Global Economy
      • UK
      • US
      • China
      • Africa
      • Asia Pacific
      • Emerging Markets
      • Europe
      • War in Ukraine
      • Americas
      • Middle East & North Africa
    • US
      • US Economy
      • US Companies
      • US Politics & Policy
    • Companies
      • Energy
      • Financials
      • Health
      • Industrials
      • Media
      • Professional Services
      • Retail & Consumer
      • Tech Sector
      • Telecoms
      • Transport
    • Tech
      • Artificial intelligence
      • Semiconductors
      • Cyber Security
      • Social Media
    • Markets
      • Alphaville
      • Markets Data
      • Cryptofinance
      • Capital Markets
      • Commodities
      • Currencies
      • Equities
      • Fund Management
      • Wealth Management
      • Trading
      • Moral Money
      • ETF Hub
    • Climate
    • Opinion
      • Columnists
      • The FT View
      • Lex
      • Obituaries
      • Letters
    • Work & Careers
      • Business School Rankings
      • Business Education
      • Entrepreneurship
      • Recruitment
      • Business Books
      • Business Travel
      • Working It
    • Life & Arts
      • Arts
      • Books
      • Food & Drink
      • FT Magazine
      • House & Home
      • Style
      • Travel
      • FT Globetrotter
    • Personal Finance
      • Property & Mortgages
      • Investments
      • Pensions
      • Tax
      • Banking & Savings
      • Advice & Comment
      • Next Act
    • HTSI
    • Special Reports

    FT recommends

    • Lex
    • Alphaville
    • Lunch with the FT
    • FT Globetrotter
    • #techAsia
    • Moral Money
    • Visual and data journalism
    • Newsletters
    • Video
    • Podcasts
    • News feed
    • FT Live Events
    • FT Forums
    • Board Director Programme
    • myFT
    • Portfolio
    • Today’s Newspaper (FT Digital Edition)
    • Crossword
    • Our Apps
    • Help Centre
    • Subscribe
    • Sign In