Browsing Tag
Type 31
2 posts
Babcock (LSE: BAB) shares hit a new low, but did the market overreact to Type 83?
Babcock lost a future warship opportunity just after another £140 million frigate charge. Can submarines, nuclear growth and buybacks repair trust?
Babcock (LSE: BAB) shares fall 5.9% as £140m Type 31 charge overshadows FY26 growth
Babcock International reported stronger underlying defence and nuclear growth, robust cash generation and another £200 million buyback, but a third major Type 31 charge revived concerns over contract execution.