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Babcock International ( (GB:BAB) ) has issued an announcement.
Babcock International has reported strong trading performance for the first nine months of the financial year, leading to an upgrade in their full-year revenue and profit expectations. The company anticipates revenue of approximately £4.9 billion, driven by double-digit growth in Nuclear and Marine sectors. Key projects include increased nuclear decommissioning work, submarine support, and the Skynet program. Additionally, Babcock has secured a significant 17-year contract, worth up to €800 million, to provide military air training solutions for the French Armed Forces, marking an expansion of its military activities in France.
More about Babcock International
Babcock International Group PLC operates in the engineering sector, specializing in providing critical support services, especially in the defense, nuclear, and marine industries. The company is known for its focus on complex engineering, with significant operations in the UK and internationally, particularly in countries like France.
YTD Price Performance: 8.59%
Average Trading Volume: 725,415
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £2.74B
Learn more about BAB stock on TipRanks’ Stock Analysis page.
