Babcock claims that a surge in outsourcing since the coalition government has been in power has helped increase their pre-tax profits up by 15%. Babcock is one of the MoD’s key suppliers, providing maintenance of Royal Navy nuclear submarines to managing their infrastructure. The MoD is their biggest account and provides nearly fifty percent of revenues, as well as offering future opportunities such as upgrading and privatising their support and maintenance arm which is expected to go out to tender later this year.

Engineering group Babcock secures £800 mil fire service contract