Analyst Research Report Snapshot

Title:

BABCOCK INTERNATIONAL GROUP - PROGRESS AS EXPECTED

Price:

$10.00

Provider:

Edison Investment Research

Date:

08 Feb 2011

Pages:

2

Type:

AcrobatPDF

Companies referenced:

BAB.L

Available for Immediate Download
Summary:

Babcock’s IMS has highlighted that progress is as expected, with the order book stable at £12bn, operational performance ahead of last year and cash generation stronger than foreseen. We remain of the belief that defence outsourcing will increase both in the UK and internationally. Babcock’s positioning across all three services and track record of delivering savings puts it in pole position, in our view. With VT integration synergies running to plan, we are confident our forecasts remain achievable.

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