Topic
uk-manufacturing
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The Independenttechnology16 days agoDeveloping
Babcock Reports £140 Million Charge on Royal Navy Frigate Contract
Babcock said it recorded a £140 million charge related to design changes and late-stage reworks on its Type 31 frigate programme for the Royal Navy. The company is building five frigates at its Rosyth shipyard in Fife. Revenues rose in the year to the end of March but underlying…