Babcock and Airbus chiefs call on UK to boost defence spending DEFENCE Two of the UK's biggest defence firms have called on the government to spend more on its armed forces amid the "changing face" of warfare.
Babcock: British defence giant signs nuclear submarine deal worth half-a-billion pounds defence In an update to markets this morning, the FTSE 250-listed company announced it had penned a contract worth £560m with UK's Submarine Delivery Agency (SDA).
Babcock: UK military manufacturer scoops £75m contract for British army training Babcock The defence firm will provide individual trade and technical training in a seven year deal which will start in April.
Chemring: British defence giant has record orders amid increasing global uncertainty December 12, 2023 Aerospace and defence group Chemring has today announced a record order intake for the year ended 31 October amid booming demand
Babcock: British defence giant awarded £120m submarine deal supporting 250 jobs November 28, 2023 Since the Russian invasion of Ukraine, and more recently, the Israeli war with Hamas in Gaza, defence firms like Babcock have seen their order books increase
Babcock: British defence giant on track for growth as global demand for arms soars November 14, 2023 British engineering giant Babcock stuck to annual guidance for growth on Tuesday as the global threat environment continues to drive demand for defence equipment and maintenance work. Babcock posted underlying operating profit up 27 per cent to £154m for the six months to the end of September, helped by income from its contract to build frigates [...]
Babcock: Share price for British defence giant up as it pens £750m submarine deal November 10, 2023 British defence firm Babcock has signed a four-year deal worth £750 with the Ministry of Defence to build and maintain UK submarines.
BAE Systems, Babcock shares rise as Israel-Palestine conflict continues October 10, 2023 The share prices of major British and European defence companies nudged higher today as the conflict between Israel and Hamas continued.
Aukus: Government signs £4bn deals to develop ‘hunter-killer’ submarines October 1, 2023 The Defence Secretary has announced £4bn of contracts with British firms for the “hunter-killer” submarine programme.
Babcock boss plays down prospect of future takeover September 24, 2023 The boss of Babcock has played down the prospect of a takeover amid the company's turnaround plan - who has labelled a sale "unlikely."