OTC : BCKIF
$0.18 (1.29%)
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Babcock International: Type 31 Takes More Charges
Babcock International Group PLC is still not starting with the Indonesia contract deliveries but will be soon, and there is still hope for Denmark in FMSP. Ship 1 of the Type 31 frigate program produced another charge with prototyping learnings of GBP 140 million, but with Ship 1 in process, there is less chance of error. Ship 3 is where the economics of the program stand to improve. seekingalpha.com - 2026-05-28 09:28:31 |
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Babcock International Group H2 Earnings Call Highlights
Babcock International Group LON: BAB executives said the defense contractor delivered a strong underlying performance in fiscal 2026, but the update was overshadowed by a new GBP 140 million charge tied to its Type 31 frigate program. marketbeat.com - 2026-05-13 05:07:15 |