Babcock sells MoD contractor Frazer-Nash Consultancy to US agency

Babcock is set to pocket £ 293 million after selling a consultancy that has contracts with the Department of Defense. he London-listed company said it would sell Frazer-Nash Consultancy to KBR, an American engineering giant. It marks the end of a 14-year partnership between Babcock and the Surrey-based consultancy that emerged from the classic car