UK's Babcock falls as Sweden picks French firm for warship order

Babcock International

19/05/2026 08:43

** Shares of defence contractor Babcock International Group BAB.L down ~3% at 952.8p

** Co loses Swedish frigates order to France's Naval Group

** Sweden will buy four frigates, a type of warship, for a total 40 billion Swedish crowns ($4.25 billion)

** Up to Monday's close, stock had fallen ~21% YTD

 (Reporting by Roshni Srivastava in Bengaluru)

 ((roshni.srivastava@thomsonreuters.com))