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Stock of the week: Babcock International

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Written by: YourMoney.com
12/09/2016
Graham Spooner, investment research analyst at The Share Centre, picks Babcock International as stock of the week.

Engineering support services company, Babcock International, last week announced that it has been awarded a five-year contract, with an option to extend for a further two years, to support Qantas Group’s ground support equipment (GSE) fleet at 60 locations across Australia.

This move follows a number of significant contract wins allowing the group to expand its international operations. Furthermore, the strong order book and size of the projects provides a level of visibility for the company’s future.

Babcock International has a diversified product base with growing hopes for, in the long term, more opportunities in the nuclear area. Due to this, we recommend the company as a “buy” for the long term.

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