Babcock International Group PLC

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  • 1,045.50p
  • 14.00p (1.36%)

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Babcock share price rallies as nuclear subsidiary lands 10-year contract

Babcock shares surge as nuclear subsidiary lands 10-year contract

Cavendish Nuclear to supply Sellafield with specialist handling and containment systems

December 2017

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About Babcock International Group PLC

Babcock International Group Plc (LON:BAB) is an engineering support services organisation.
Babcock International’s divisions include Marine & Technology, Defence & Security, Support Services and International. The Marine & Technology division delivers a range of engineering services to commercial and defence markets in the UK and overseas. The Defence and Security unit provides infrastructure, equipment support and military training to the UK’s armed services. The Support Services division provides education services, manages critical assets and delivers complex programmes. Babcock’s International division provides support services for Africa and the Middle East.
As of 2013, Babcock had revenue of over £3.2 billion and an order book of about £12 billion. The company employs about 26,000 people.
Babcock International’s registered office is in London and the company is listed on the London Stock Exchange. Babcock International is a constituent of the FTSE 100 index.
Babcock International traces its history back to 1891 when US company Babcock & Wilcox formed a separately financed company in the UK under the name Babcock & Wilcox Ltd. The company established its own manufacturing facility in 1895 and during the two world wars developed a large defence business. From the 1960s, the company became increasingly involved in nuclear energy. After merging with engineering and manufacturing company FKI Plc in 1987, Babcock demerged in 1989 and continued as a multinational energy engineering group.

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