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22.06.26 - 15:42
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Babcock says Brexit and Covid beset Royal Navy contract as profits plunge (The Guardian)
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Underlying operating profits down 19% with 2019 frigate-building programme making loss, firm reportsBusiness live – latest updatesOne 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 its annual profits to plunge.Profits at Babcock International fell by almost a fifth in the year to the end of March, as the firm reported a £140m charge on its contract to build five Type 31 frigates for the Royal Navy. Continue reading......
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18.12.25 - 16:15
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Critical Infrastructure Technologies Ltd. and Babcock International Group Execute an Increased Scope Memorandum of Understanding (MOU) (The Newswire)
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Vancouver, BC – TheNewswire - December 18, 2025 – Critical Infrastructure Technologies Ltd. (CSE: CTTT) (FRA: X9V) (“CiTech” or the “Company”), a leading developer of autonomous, high-capacity mobile communications platforms, is pleased to announce it has entered into an increased scope Memorandum of Understanding (MOU) with Babcock International Group (“Babcock”) to co-develop and build a rapidly deployable platform integrating 5G communications, Intelligence, Surveillance and Reconnaissance (ISR), and counter-Unmanned Aerial Systems (UAS) capabilities for not only the Ukrainian Armed Forces, but now also for all of Europe and Southeast Asia.
The original MOU agreement, signed at the DSEI (Defence and Security Equipment International) expo in London in September 2025, was put in place in order for both companies to work exclusively on the Ukrainian Ministry of Defence request to supply 50 of CiTech's Nexus 20 platforms.
The increase scope MOU, expands the regions of collaboration to now...
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08.12.25 - 15:00
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Critical Infrastructure Technologies Executes a 3-Way Confidentiality Agreement with Babcock International and Draganfly Inc and Makes a Further Advance to Plutus Invest and Consulting GmbH. (The Newswire)
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Vancouver, BC – TheNewswire - December 8, 2025 – Critical Infrastructure Technologies Ltd. (CSE: CTTT) (OTC: CITLF) (FRA: X9V) (“CiTech” or the “Company”), a leading developer of autonomous, high-capacity mobile communications and security platforms, is pleased to announce the signing of a Mutual Non-Disclosure Agreement (NDA) with Babcock International Group PLC (LSE: BAB) (“Babcock”), and Draganfly Inc. (NASDAQ: DPRO) (“Draganfly”) to progress a strategic, multi-company collaboration aimed at strengthening defence and security capabilities across the Asia-Pacific region.
The collaboration brings together complementary strengths across defence engineering, advanced technology integration, unmanned systems, and mission-critical operational delivery, enabling sophisticated, scalable solutions for governments, military forces, and national-security stakeholders throughout the region.
Leveraging the Strengths of Three Proven Organisations
Babcock International Group
Babcock is one of t...
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