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BCKIY Babcock International Group PLC (PK)

7.176
0.336 (4.91%)
18 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Babcock International Group PLC (PK) USOTC:BCKIY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.336 4.91% 7.176 6.46 7.36 7.176 7.176 7.176 981 21:00:13

Babcock International: Ascent JV Awarded UK Military Pilots Training Job

02/02/2016 11:46am

Dow Jones News


Babcock (PK) (USOTC:BCKIY)
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LONDON--Engineering support services firm Babcock International Group PLC (BAB.LN) said Tuesday that Ascent Flight Training Ltd., has been awarded 1.1 billion pounds ($1.57 billion) contract by the U.K.'s Ministry of Defence (MOD).

Ascent, a 50/50 joint venture between Babcock and Lockheed Martin, will deliver the U.K. Military Flying Training System through to 2033, in partnership with the MOD.

Babcock shares at 1015 GMT down 2 pence, or 0.2%, at 907 pence, valuing the company at GBP4.57 billion.

 

-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet

 

(END) Dow Jones Newswires

February 02, 2016 06:31 ET (11:31 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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