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Babcock, one of the biggest suppliers to the Ministry of Defence, has reported a 52% rise in pre-tax profit to £329m for its latest financial year, as its chief executive hails a “new era of defence” this morning.
David Lockwood, the boss of the FTSE 100 company, said:
“There is increasing recognition of the need to invest in defence capability and energy security, both to safeguard populations and to drive..
source: The Guardian - 25.06.2025