Babcock International Group (BAB)

Sector:

Defense and Aeronautics

Index:

FTSE 250

537.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 565.50
  • 52 Week Low: 269.00
  • Currency: UK Pounds
  • Shares Issued: 505.60m
  • Volume: 2,001
  • Market Cap: £2,715.05m
  • RiskGrade: 290

Babcock secures 10-year contract with Australian Defence Force

By Michele Maatouk

Date: Friday 21 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Babcock International said on Friday that its Australian business has been awarded a AUD877m (circa £492m) multi-year programme to upgrade the Australian Defence Force's Defence High Frequency (HF) Communications System.
The 10-year contract will see Babcock lead the operation and support of the customer's existing HF capability, while delivering a comprehensive technology upgrade programme.

Starting in October 2023, the new system will provide Australian and allied armed forces with the ability to securely communicate using voice and other data from almost any location across the globe.

Babcock noted that it is now the largest provider of strategic HF communications in the world.

The company's principal partner for the programme, Lockheed Martin Australia, will support in the delivery of mission system elements that will grow" a sovereign industrial capability solution to provide through life support over the duration of the program and beyond".

Chief executive David Lockwood said: "Our selection demonstrates our ability to bring together complex and critical digital defence capability in an area of increasing importance to our customers around the world.

"In a modern threat environment, access to local communication infrastructure or satellite communication cannot be assured. Having a communications capability that can work seamlessly with the Australian Defence Force and its allies is essential."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BAB Market Data

Currency UK Pounds
Share Price 537.00p
Change Today -0.50p
% Change -0.09 %
52 Week High 565.50
52 Week Low 269.00
Volume 2,001
Shares Issued 505.60m
Market Cap £2,715.05m
RiskGrade 290

BAB Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
41.37% below the market average41.37% below the market average41.37% below the market average41.37% below the market average41.37% below the market average
40% below the sector average40% below the sector average40% below the sector average40% below the sector average40% below the sector average
Price Trend
93.15% above the market average93.15% above the market average93.15% above the market average93.15% above the market average93.15% above the market average
63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average63.64% above the sector average
Income
57.43% below the market average57.43% below the market average57.43% below the market average57.43% below the market average57.43% below the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Growth
96.14% below the market average96.14% below the market average96.14% below the market average96.14% below the market average96.14% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 6
Buy 3
Neutral 1
Sell 0
Strong Sell 0
Total 10
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BAB Dividends

  Latest Previous
  Interim Interim
Ex-Div 23-Nov-23 05-Dec-19
Paid 19-Jan-24 17-Jan-20
Amount 1.70p 7.20p

Trades for 13-Jun-2024

Time Volume / Share Price
08:06 937 @ 535.36p
08:02 77 @ 534.38p
08:01 5 @ 533.50p
08:01 10 @ 537.50p
08:01 1 @ 533.50p

BAB Key Personnel

Chair Ruth Cairnie
CEO David Lockwood
CFO David Mellors

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