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BAB Babcock International Group Plc

528.50
-2.50 (-0.47%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Babcock International Group Plc LSE:BAB London Ordinary Share GB0009697037 ORD 60P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.50 -0.47% 528.50 527.50 528.50 532.50 522.00 526.50 1,889,905 16:35:18
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Engineering Services 4.44B -35M -0.0692 -76.23 2.67B

Babcock International Gets Two Submarine Contracts Worth GBP121 Million

28/11/2023 2:10pm

Dow Jones News


Babcock (LSE:BAB)
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From Nov 2023 to May 2024

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By Ian Walker

 

Babcock International Group has been awarded two submarine contracts worth 121 million pounds ($152.8 million) between them.

The defense company--a major contractor for the U.K. government--said Tuesday that it has been awarded a 4.5 year contract with the U.K.'s Ministry of Defence worth GBP66 million to provide assistance in the support solution development for the new Dreadnought Class submarines.

It has also been awarded a GBP55 million contract by BAE Systems for Weapon Handling and Launch System and Submerged Signal Ejector equipment for the Dreadnought Class.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

November 28, 2023 08:55 ET (13:55 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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