Tag: defence

Defence large Babcock to financial institution £293m after promoting historic consultancy arm

The London-listed company announced that it would sell Frazer-Nash Consultancy to KBR, an American engineering giant.The move marks the end of a 14-year partnership between Babcock and the consulting company that emerged from the old-timer manufacturer Frazer-Nash.Register to our daily newsletterThe i-newsletter cut through the noiseDuring this time, the consulting company has grown and currently

Defence large Babcock sells consultancy for £293m as its battles losses

Job created after MBO at South West construction consultancy

Defense and engineering giant Babcock International Group Plc has sold a marine consultancy firm with offices in Plymouth for £ 293 million while it works on a “turnaround” plan to deal with financial losses. The company, which operates the shipyards in Devonport, Plymouth, and Rosyth, Scotland, is selling Frazer-Nash Consultancy to KBR, an American engineering

One other key defence enterprise offered off as Babcock offloads consultancy

Clearance: The defense giant sells Frazer-Nash Consultancy to the American aerospace company KBR for nearly £ 300 million

Another major defense business was sold when Babcock offloads consulting firms working on nuclear submarines and weapons for Royal Navy warshipsBy Francesca Washtell for the Daily Mail Released: 10:01 p.m., August 13, 2021 | Updated: 10:01 p.m., August 13, 2021 Another major defense business was sold yesterday when Babcock International sold a consultancy that works