We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

In this section

Shares

Babcock inks naval support bridging contract with UK govt, shares jump

Wed 01 April 2026 07:17 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

(Sharecast News) - Defence company Babcock International said it had agreed a six-month bridging deal with the UK government to maintain naval base and nuclear submarine fleet support services while a new contract is negotiated.

A new long-term agreement is in the latter stages of negotiation with the Ministry of Defence after a five-year contract ended on March 31, Babcock said, adding that the government had signed a letter of intent alongside the bridging deal.

Shares in the company were up 4.92% at 0944 BST.

Reporting by Frank Prenesti for Sharecast.com

See the latest RNS on Investegate

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.


    More company news from ShareCast