The Guardian22 jun 2026Toelevering
Automatisch samengesteld met AI uit de vermelde bronnen
Babcock International recorded a £140m charge on its contract to build five Type 31 frigates for the Royal Navy, driving underlying operating profit down 19% to £293.3m for the year to March 2026. The company cited limited escalation clauses that left it exposed to Brexit, Covid, raw material price rises and UK labour shortages, and noted late-stage design changes to the first two vessels. It published sensitivities: a 10% change in production hours swings the loss by £29m, a six-month delay by £15m, and a 10% labour-rate change by £34m.