Babcock International (BAB) – Introduction and background |
Babcock International Group is a British multinational corporation specialising in engineering services to the defence, emergency services, and civil nuclear sectors.
Babcock International Group was founded in London in 1891. Originally the company manufactured boilers for industrial use. Over the years, it evolved through mergers and acquisitions to become a major defence contractor with a global client base.
Babcock’s primary operations include providing engineering, technical, and support services to defence, emergency services, and the civil nuclear sector. The company manages assets including naval ships, nuclear submarines, and emergency service fleets. It also offers training and support services to various military and civilian organizations. Their revenue is divided into marine, aviation, land and nuclear segments, with marine and nuclear being the most important. Around 60% of revenue is produced in the UK, with the British Government their most important client.
Babcock launched its shares on the London Stock Exchange with a 1989 IPO, initially trading as FKI Babcock under the ticker BAB. Its largest shareholders are American hedge fund Abrams Bison and UK investment manager Silchester International.
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