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Babcock International Group plc

 

Buy Babcock International Group plc shares

BABCOCK INTERNATIONAL GROUP PLC (BAB) Shares

ABOUT BABCOCK INTERNATIONAL GROUP PLC

? Babcock International Group PLC, an engineering services holding company, was founded in 1891 and is headquartered in London in the United Kingdom.

? The company specializes in the management of complex assets and infrastructure. Although Babcock also engages in civil contracts, it mainly serves public bodies such as the UK’s Ministry of Defence and Network Rail.

? The company roots can be traced back to 1891 when the American Babcock & Wilcox Company formed a separately financed British company called Babcock & Wilcox Ltd.

? The latter was renamed Babcock International Ltd. in 1979. Its initial board members included renowned Scottish structural engineer Sir William Arrol and Andrew Stewart of the Lanarkshire-based steel-tube makers A&J Stewart & Menzies (later Stewarts & Lloyds).

? In 2008, the company extended its footprint in the nuclear and submarine support sectors when it acquired Strachan & Henshaw from the Weir Group. This purchase extended the company’s portfolio with more than 50 years’ experience in high-integrity material handling.

? The deal also provided the company with its first operational Tier 1 position in the civil nuclear market. Babcock also acquired the UK Atomic Energy Authority’s commercial arm, UKAEA Ltd in 2009.

? Today, the company employs approximately 35 000 people across its operations.

OVERVIEW OF BABCOCK INTERNATIONAL GROUP PLC

  • Babcock International Group PLC’s business operations are organised into four main segments: Marine and Technology, Defence and Security, Support Services and International.
  • Marine and Technology supports the UK’s Royal Navy submarines, naval ships and infrastructure. It also provides solutions to the engineering, consultancy, equipment management and knowledge management industries.
  • Defence and Security focuses on engineering and training support services. T
  • he Support Services segment is divided into three divisions: civil nuclear, asset management and technical training. International develops the company’s aviation emergency services business, Mission Critical Services (MCS).
  • Although the company traditionally specialized in military work, it has added to its service portfolio by acquiring the Peterhouse Group, a leader in civil infrastructure services.
  • The company derives about 75% of its sales from business in the United Kingdom. Babcock also operates in Europe, Africa and North America.
  • In November 2014, Babcock was named the British Government’s preferred buyer of the Defense Support Group’s land-repair and maintenance business.
  • The latter is the executive agency and trading fund of the Ministry of Defence.

VISION & VALUES OF BABCOCK INTERNATIONAL GROUP PLC

  • Babcock International Group PLC’s  vision is to become the partner of choice for government and individual customers who need to outsource their technology needs.
  • The company strives to be a leader in its field, and to create tomorrow’s leaders.
  • Babcock encourages leadership, embraces a global mindset and promotes world peace.
  • Its operations are rooted in values such as integrity, responsibility, accountability, creativity and purpose. T
  • his business model enables development and growth, and adds value for shareholders who purchase company stock.

MARKET PERFORMANCE OF BABCOCK INTERNATIONAL GROUP PLC

  • Babcock International Group PLC trades on the London Stock Exchange (LSE) under the stock symbol BAB. The company is a FTSE 250 component.
  • For fiscal 2018, the company recorded total revenue of £ 4.659.6 million, operating income of £ 439.1 million and net income of £ 337.7 million.
  • Shareholders can therefore buy or sell company shares in the expectation of solid dividends and returns.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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