Dossier
Type 31 frigates
Coverage of Type 31 frigates in the Nexus archive.
- Babcock says Brexit and Covid beset Royal Navy contract as profits plunge
Babcock International's annual profits fell by nearly 20% due to a £140m charge on its Royal Navy Type 31 frigate-building contract, which incurred losses. The firm attributed the decline to challenges posed by Brexit and the Covid-19 pandemic.