Babcock says Brexit and Covid beset Royal Navy contract as profits plunge

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Babcock International has reported a 19% drop in annual profits attributed to Brexit and Covid-19 challenges impacting a Royal Navy contract. The company faced a £140m charge related to its programme to build five Type 31 frigates for the Royal Navy.

🇬🇧 Location: London — Sources: 11 — First seen: Last seen:
Babcock International Royal Navy profit decline Brexit impact Covid-19

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