Babcock sells engineering enterprise to KBR for £293m : CityAM
Defense giant Babcock announced today that it will sell engineering subsidiary Frazer-Nash Consultancy to other infrastructure provider KBR for £ 293 million. The sale marks the first step in a plan to scrap £ 400 million contracts over the next 12 months to repair the FTSE 100 company’s battered balance sheet. The shares of the
