UK's Babcock retains annual forecast as defence spending backs momentum

Babcock International has reaffirmed its full-year outlook, citing strong momentum across its marine, nuclear, and land businesses as governments increase defense spending. The company, which supports Britain's naval fleet, weapons systems, and nuclear projects, said demand remains robust in core defense and nuclear markets while it awaits more detail on the United Kingdom's expanded investment plans. A company-supplied analyst poll projects fiscal 2027 sales of £5.49 billion and underlying operating profit of £464 million, compared with £5.19 billion and £293 million a year earlier.