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| 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 | -0.48% | 514.00 | 513.50 | 514.50 | 520.00 | 514.00 | 520.00 | 130,217 | 13:43:18 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Engineering Services | 4.44B | -35M | -0.0692 | -74.49 | 2.61B |
From Apr 2019 to Apr 2024
TIDMBAB
RNS Number : 6267T
Babcock International Group PLC
15 November 2019
15 November 2019
Babcock International Group PLC (Babcock or the Company)
Babcock awarded contract to deliver UK's Type 31 naval frigate programme
Babcock, the Aerospace and Defence Company, has been awarded a contract by the UK Ministry of Defence to deliver its newest fleet of warships. The Type 31 general-purpose frigate programme will provide the UK with a fleet of five ships, at an average production cost of GBP250 million per ship.
The formal contract award follows the announcement earlier this year that Babcock's Team 31 had been selected as Preferred Bidder following a competitive process. Babcock's Arrowhead 140 is a capable, adaptable and technology-enabled global frigate with a proven design and build strategy.
The frigates will be assembled at Babcock's Rosyth facility, and involve supply chains throughout the UK, in line with the UK's shipbuilding strategy.
ends
For further information please contact:
Babcock International Group PLC Simon McGough Kate Hill Group Investor Relations Group Director of Communications Tel: +44 (0)20 3823 5592 Tel: +44 (0)20 7355 5312 FTI Consulting Andrew Lorenz Nick Hasell Alex Le May Tel: +44 (0)20 3727 1340
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
CNTBABITMBMBBLL
(END) Dow Jones Newswires
November 15, 2019 09:13 ET (14:13 GMT)
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