Babcock (BAB.L) stock nears 52-week high on $42m Australia defence contract extension, buyback

Babcock secures $42 million extension

Image: BabcockBabcock Australasia has secured a $42 million extension to its Counter Chemical, Biological, Radiological, Nuclear and Explosive (C-CBRNE) asset management contract, extending the program through to 2030. The three-year continuation ensures Defence personnel will continue to be equipped with critical force protection and threat response capabilities, while extending Babcock’s collaboration with Defence into its second decade. Over …

Babcock (BAB.L) stock nears 52-week high on $42m Australia defence contract extension, buyback

London, January 6, 2026, 10:50 GMT — Regular session Shares of Babcock International Group (BAB.L) rose about 2.2% to 1,376.7 pence by 10:42 GMT, edging toward the day’s high around 1,379p. The defence and engineering contractor stayed in focus after it announced an Australian defence contract extension and disclosed further share buybacks. Babcock has been riding a broader bid for UK defence names. The FTSE 100 closed above 10,000 for the first…

Babcock contract extension underpins Australian defence manufacturing supply chains

Babcock Australasia has secured a $42 million extension to its Counter Chemical, Biological, Radiological, Nuclear and Explosive (C-CBRNE) asset management contract, a program that involves the sustainment, integration and support of specialised equipment supplied through Australian-based industry partners.