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Babcock wins nuclear submarine contract

Outsourcer Babcock announces a £350m nuclear submarine re-fit contract and says trading is in line, while the order book is growing.
March 28, 2012

Shares in outsourcer Babcock International were on the move after the company won a £350m contract to re-fit the nuclear-powered submarine, HMS Vengeance, over three and a half years.

IC TIP: Buy at 800p

Babcock's bosses also say that trading is in line with expectations and that the order book has increased from £12bn to £12.5bn.