Babcock International Group plc

Type	Public LSE: BAB
Founded	1 February 1989 (as plc)
Location	London, UK
Industry	Engineering services
Employees	9,088 (2005)
Website	www.babcock.co.uk/

Babcock International Group plc is a British based multinational engineering and services company. Although the company has civil contracts, its main business is with public bodies, particularly the UK Ministry of Defence. The Source by Greyworld, in the new LSE building Paternoster Square. ... London is the capital city of the United Kingdom and of England and is the most populous city in the European Union. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... This page as shown in the aol 9. ... The Ministry of Defence (MOD, pronounced em-oh-dee) is the United Kingdom government department responsible for implementation of government defence policy and the headquarters of the British Armed Forces. ...

History

Babcock International traces its history back to 1891 when the American Babcock & Wilcox Company established Babcock & Wilcox Limited as its United Kingdom subsidary. ^[1] The Babcock & Wilcox Company is an American firm engaged in the design, engineering, manufacture, service and construction of power generation and pollution control systems and equipment for utilities and industries. ...

Babcock & Wilcox Ltd's early business centred around the manufacture of boilers. This expanded as a result of the two world wars and the supply of defence equipment became another major business area. In the 1960s the company became involved in the development of the UK's nuclear power stations. A boiler is a closed vessel in which water or other fluid is heated under pressure. ...

In 1979 Babcock & Wilcox Ltd was renamed Babcock International Ltd. This company was floated on the stock exchange in 1982, becoming Babcock International plc. In 1987 Babcock merged with FKI Electricals plc, another engineering company to form FKI Babcock plc. In February 1989 FKI Babcock plc demerged to form Babcock International Group plc and FKI plc. ^[2]

BAE/VT bid

On 23 March 2006 BAE Systems and VT Group announced to the stock exchange that they were considering a joint bid for Babcock International. It is understood that a successful acquisiton would lead to the splitting of Babcock – BAE acquiring the Rosyth yard and VT's Portsmouth facility, while VT would take control of Babcock's support contracts.^[3] Systems plc is the worlds fourth largest defence contractor and a commercial aerospace products manufacturer. ... VT Group plc is the company formerly known as Vosper Thornycroft. ... Portsmouth is a city of about 196,000 people located in the county of Hampshire on the southern coast of Great Britain. ...

References