Babcock International
British Aerospace & Defence Company
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| 2024 | Babcock International reports annual financial results with a revenue of £4,390.1 million and an operating profit of £241.6 million. |
| March 2023 | Sold emergency aviation businesses in Finland, Italy, Norway, Portugal, Spain, and Sweden to UK group Alacala Partners, which re-formed them into the Avincis Group. |
| February 2023 | The British Royal Navy launched an investigation into Babcock International engineers after discovering glue repairs were used on critical bolts in a Trident submarine's nuclear reactor, raising serious safety concerns about nuclear standards and maintenance practices. |
| July 2022 | Confirmed disposal of its helicopter support business. |
| 2021 | Company experiences significant financial challenges, reporting a substantial operating loss of £1,736.7 million and a loss before tax of £1,811.0 million. |
| April 2021 | Announced a restructuring program involving selling business lines, resulting in 1,000 job losses, including selling its oil and gas aviation transport arm to CHC Group. |
| 2020 | Continued financial difficulties with an operating loss of £106.3 million and a loss before tax of £178.2 million. |
| September 2019 | Selected as the preferred bidder to build five new Type 31 frigates for the Royal Navy. |
| 2018 | The company achieved its peak financial performance, with a revenue of £4,659.6 million, an operating profit of £439.1 million, and a profit before tax of £391.1 million. |
| April 1 2015 | Completed sale and transfer of Defence Support Group's land repair and maintenance business. |
| January 2015 | Rebranded former Avincis units under the Babcock name. |
| 2014 | Company shows growth with revenue reaching £3,321.0 million and an operating profit of £254.0 million. |
| November 2014 | Named as the British Government's preferred buyer of the Defence Support Group's land repair and maintenance business. |
| October 2014 | Babcock and BAE Systems won Ministry of Defence contracts worth £3.2 billion to maintain British warships, submarines, and naval bases for five years. |
| May 2014 | Awarded a £15m contract by the Ministry of Defence to support design of the UK's next generation nuclear-armed submarines. |
| April 2014 | Babcock Dounreay Partnership was selected as preferred bidder for a £1.6bn contract to manage and decommission the Dounreay nuclear site in Scotland. |
| March 2014 | Babcock agreed to wholly acquire Avincis Group, including Bond Aviation Group, for £1.6 billion. |
| July 2013 | Babcock's Support Services division acquired Conbras Serviços Técnicos de Suporte LTDA in Brazil for £18.2 million plus deferred consideration. |
| 2012 | Annual revenue stands at £2,848.4 million with an operating profit of £206.3 million. |
| 2011 | Company reports revenues of £2,564.5 million with an operating profit of £159.3 million. |
| 2010 | Doosan Babcock Energy Ltd was rebranded as Doosan Power Systems Ltd. |
| July 8 2010 | Acquisition of VT Group completed, taking over the Defence High Frequency Communications Service contract originally awarded in 2003. |
| March 2010 | Babcock acquired VT Group for £1.32bn, creating a combined defence and support services group with annual sales of £3bn and over 25,000 employees. |
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