Babcock reports underlying operating profits down 19%, with frigate-building programme making a loss Business live – latest updates One of the UK’s biggest defence contractors has blamed Brexit and Covid among a catalogue of problems to beset an important contract for the Royal Navy, which led it...
Source: [Guardian World](https://www.theguardian.com/business/2026/jun/22/babcock-says-brexit-and-covid-beset-royal-navy-contract-as-profits-plunge)