UK's Babcock Books $190 Million Charge on Type 31 Frigate Contract
About £100 million will hit FY26 revenue, while the rest will add to the loss provision after higher rework costs on the frigate programme.
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6 Articles
UK's Babcock books $190 million charge on Type 31 frigate contract
Cost of building Royal Navy Type 31 frigates rises by £140m, say Babcock
Babcock raises Type 31 Frigate cost estimate due to rework
Babcock has reported a GBP 140 million charge on the Type 31 frigate contract after higher than expected rework levels during the outfitting and commissioning phase of the five-ship programme. Babcock International has posted a £140 million charge against its Type 31 general purpose frigate contract, attributing the cost overrun to design changes and the consequences of out-of-sequence build activity earlier in the programme. The company floated…
Babcock hit by £140m warship overhaul cost blow as Navy frigate programme runs over - London Business News
Babcock International has taken a £140m charge after late-stage design changes and rework on its newest Royal Navy frigates, underscoring the pressure facing Britain’s defence supply chain as complex naval… The post Babcock hit by £140m warship overhaul cost blow as Navy frigate programme runs over appeared first on London Business News
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