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(Sharecast News) - Babcock said trading for the first five months of the fiscal year was in line with expectations, with strong nuclear and aviation performance and its fullyear outlook unchanged.
The defence group highlighted recent contract wins across Canada, France, the UK, Australia and Poland, alongside progress on nuclear support work and expanding energysecurity partnerships as countries ramp up military spending.
"We have started FY27 with good momentum and operational delivery, supported by strong demand across our core defence and nuclear markets, while in the near term the UK Government continues to confirm the details of the implementation of their Defence Investment Plan.
"In this era of global tension and the rapidly changing nature of warfare, our priorities are clear: deliver for our customers, strengthen programme performance, maintain capital allocation discipline and convert our strong market positions into long-term growth," said new chief executive Harry Holt.
Reporting by Frank Prenesti for Sharecast.com
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