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...The company has been through an extensive restructuring since 2020 under chief executive David Lockwood....
...David Lockwood, chief executive, said the strengthening order pipeline combined with a much stronger balance sheet had enabled Britain’s second-largest defence contractor to reinstate the dividend “with...
...David Lockwood, chief executive, said the new contract would ensure that the company was “able to continue to deliver the complex maintenance and life-extension programmes we undertake”....
...After taking the helm at Babcock in late 2020 David Lockwood pledged to raise £400mn through disposals within 12 months....
...David Lockwood, Babcock CEO, said the “importance of applying our extensive knowledge and longstanding experience is being recognised through this contract award”....
...Babcock said on Tuesday that it expected to offset the higher cost of the pay deal through operating efficiencies next year....
...This pointed to progress with the turnround led by David Lockwood, who became chief executive in 2020. His overhaul plan has included a £1.7bn charge announced in April....
...“Readiness is increasingly of importance to armed forces around the world,” said David Lockwood, Babcock’s chief executive....
...David Lockwood, chief executive, said the company’s restructuring efforts had paid off and that “across the piece we have actually done quite well”....
...“Liberal democracies lead the way on environment, society and governance (ESG) and you can’t maintain a liberal democracy without robust defence,” David Lockwood, chief executive of Babcock International...
...Chief executive David Lockwood noted the company had “an agreement for potentially significant work in Ukraine, supported by both the UK and the Ukrainian governments”....
...Britain’s second biggest defence contractor had announced the review last January as part of a sweeping overhaul under new chief executive David Lockwood....
...Chief executive David Lockwood, who was appointed last year to lead a turnround of the business, is clearly taking some difficult decisions....
...For Babcock, it is the third disposal in recent months as part of a sweeping restructuring programme under new chief executive David Lockwood designed to streamline Britain’s second-biggest defence contractor...
...The No Club: Putting a Stop to Women’s Dead-End Workby Linda Babcock, Brenda Peyser, Lise Vesterlund and Laurie Weingart, Little, Brown Book Group £14.99/Simon & Schuster $27.99 Four academics use their...
...Despite the hefty loss, chief executive David Lockwood said the company’s turnround plan was on track, with the former boss of aerospace and defence group Cobham striking an optimistic tone....
...Britain’s second-biggest defence contractor is in the middle of a sweeping restructuring under new chief executive David Lockwood....
...New boss David Lockwood has now quantified the cost of covering the balance sheet’s nakedness — £1.7bn in writedowns to start....
...David Lockwood, who took the helm last year, had promised to update the market with the results of a strategic review alongside Babcock’s full-year results next month....
...The actions are part of a wholesale overhaul of the group under David Lockwood, who became chief executive in September....
...Babcock International, the UK’s second biggest defence contractor, is parting ways with PwC, its longstanding auditor, as new chief executive David Lockwood puts his stamp on the group....
...The “vast majority” of the impairments are one-off in nature and non-cash affecting, Babcock said in a trading update....
...“What matters to us, as employees, is that AIP does not come to pump all our profits,” said Pascal David, head of the CFE-CGC union at the smelter....
...Babcock International is in talks to sell its oil and gas aviation division which provides helicopter transport for offshore workers, as new chief executive David Lockwood moves to reshape Britain’s second-largest...
...David Lockwood, Babcock’s chief executive, said he was “shocked and deeply saddened” by the incident and the deaths of six people. “We stand with the city at this difficult time,” he added....
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