UK engineering firm Babcock International reports a 34% increase in underlying operating profit to £238m, driven by nuclear sales.
UK engineering firm Babcock International reports a 34% increase in underlying operating profit to £238m, with nuclear sales driving profits despite a decline in traditional defense contracts. Babcock's focus on nuclear power generation has helped maintain its financial performance. The company's contract backlog grew 9% year-on-year to £10.3bn due to several new deals, including a £120m contract to build Dreadnought-class submarines.
July 17, 2024
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