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Engineering support services group Babcock International said yesterday it was making 290 workers redundant at its Rosyth dockyard in Scotland.
That's Babcock as in Babcock International plc, which describes itself on its website as the "UK's leading engineering support services organisation".
"This initiative is in line with Babcock's stated strategy to grow from its position as the UK's leading engineering support services company in both the UK and overseas.
The engineering support services group said it had traded well in the third quarter following a strong first half, with the economic climate continuing to support outsourcing.
Ahead of a meeting with investors and analysts, the engineering support services group said first half trading had remained positive, and it repeated that full year results would be in line with expectations.
"The acquisition of such a high quality and complementary business is in line with our strategy to be the leading engineering support services company in the UK," said Mike Turner, chairman of Babcock.
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Babcock International is also on the way up after the engineering and support services group confirmed its full year profit outlook and raised its dividend after a 32% rise in underlying first half profit.
KBR Inc has entered into a joint venture agreement with the State Oil Company of Azerbaijan Republic (SOCAR) to establish a new engineering and support services company in Azerbaijan.
The Missiles and Fire Control segment offers air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; fire control systems; mission operations support, readiness, engineering support and integration services; logistics and other technical services; and manned and unmanned ground vehicles.
This group included engineers; engineering support technicians; foremen; and specialists in manufacturing, customer service, marketing, finance, and purchasing functions.
"The 242nd and 250th will provide engineering support to combat services, but will also be a part of patrols".
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