Babcock International Group (LON:BAB) executives said the defense contractor delivered a strong underlying performance in fiscal 2026, but the update was overshadowed by a new GBP 140 million charge tied to its Type 31 frigate program.
Speaking on a post-close trading update call, Group CEO David Lockwood said the company remained in a closed period and was not providing a full results presentation. Even so, he described the year as “really strong” across the underlying businesses and said Babcock had exceeded its prior mid-single-digit growth guidance.
