Babcock International Group PLC 07:12 28 Dec 2014 1,070.00p -0.09% UK Site All Sites United Kingdom France Brasil Deutschland Australasia Remember selection Home About Us Markets Capabilities Investors Careers Media Centre Contact About Us Divisions The Board Strategic Objectives What sets us apart Responsibilities Heritage How We Work Library Awards Strategic Objectives We have an overriding objective that drives the way we do business: Our objective is to develop from our position as the UK's leading engineering support services company and grow in both the UK and overseas. We will achieve this by sticking to our clear strategy and business model. This helps us to differentiate ourselves from our competitors and enables us to deliver sustainable and long-term value to both our shareholders and customers. It also makes Babcock a rewarding place to work for our employees. Business Model The depth and breadth of our knowledge and experience as well as the unique infrastructures we own or manage ensure we are able to operate in the higher value sectors of the market. We seek to add further value by becoming our customers’ strategic partner and entering into long-term, integrated output based contracts where both parties share in the risk and reward of its outcome. Underpinning our business model is our strategy Please also see Babcock Library and Annual and Half Year Reports for further information. Leading market positions Aim: We expect our businesses to be one of the top three in their market sector. If they are not, they will have clear plans to achieve this goal. Progress: We are the largest support services provider to the Royal Navy, providing 100% of submarine refit and repair work including the long period overhaul and refuel of HMS Vengeance, a key component of the UK’s nuclear deterrent Key Examples: Leading apprentice training supplier in the UK Number one support provider to the Royal Navy Largest supplier of support services to the MoD Preferred customer characteristics Aim: We seek to work with customers who own large strategically important assets. These customers tend to be government departments, public bodies or private companies operating in highly regulated markets. Progress: In 2013 we were trusted to deliver vehicle support to the London Fire Brigade following an 18 month interim contract win. Key Examples: The MoD is our largest customer in both the Marine and Defence and Security divisions Network Rail, our Rail division's largest customer, owns and operates Britain's rail infrastructure We provide support to British Energy's fleet of AGR nuclear power stations and Eskom, the South African power utility The Babcock Dounreay Partnership will deliver the UK's first major closure project for the NDA at Dounreay Customer focused, long-term relationships Aim: We seek to work collaboratively with our customers to support the long-term nature of our contracts. Progress: We extended our excellent working relationship with Heathrow Airport Limited and British Airways by another five years following successful rebids in baggage handling and ground fleet support. Key Examples: Ten year Submarine Engineering Support Contract for Royal Navy's submarine fleet 30 year RSME training and training support contract Five year extension of our in service support contract with the Canadian government for the support of Victoria Class submarines Integrated engineering and technical expertise Aim: We seek to use our skills, integrating engineering and technical expertise to deliver projects and long-term asset management. Progress: The majority of our employees are technically qualified and their skills are used to support our customers' strategically important assets. We have 251 graduates on our graduate programme, 76% of whom are engineers. Key Examples: Babcock in the largest specialist nuclear services company in the UK with a skilled nuclear workforce of 5,600 operating at all levels of the civil and defence nuclear markets 2,500 qualified engineers in our Marine and Technology division work on all aspects of the UK's submarine fleet, some of the most complex machines in the world Babcock engineers are providing around 50% of the design input in the CVF programme Balancing risk and reward Aim: We seek to enter into contracts that fairly balance the risk and reward with our customers, so we can each share the financial effects of success or failure. Progress: We continue to move away from cost plus and we seek out pain/gain share contracting arrangements with new and existing customers. Key Examples: Our recent contract awards in mobile asset fleet management allow us to share in the efficiency gains with our customers. We continue to deliver additional efficiencies on a large number of contracts for the MoD Excellent health and safety record Aim: We expect all our divisions to deliver a sector-leading safety performance. We believe all our employees and others working on or visiting our operations should be able to return home safe and well at the end of the working day. Progress: This year we reduced our overall RIDDOR rate per 100,000 hours worked by 19% to 0.17, down from 0.21 in 2012. Key Examples: British Safety Council 5 Star Award 2013 and 2012 – Marine and Technology Sword of Honour 2012 – Marine and Technology Engineering Employers Federation Future Manufacturing Awards 2012 – national winner for our employee “Time Out for Safety” programme – Marine and Technology Print Email Share RSS Get in touch, email Communications Team Babcock International Group PLC About Us Divisions The Board Strategic Objectives Responsibilities Heritage How We Work Library Awards Markets Airports Communications Defence Education Emergency Services Energy Mining and Construction Nuclear Rail Training Capabilities Infrastructure Equipment Training & Education Investors Divisions Share Price Information Financial Calendar Annual & Half Year Reports Results & Presentations Key Financial Figures Shareholder Information Regulatory News Governance VT Group Archive IR Contact Consensus S430(2B) Companies Act 2006 Statements Careers Vacancies Experienced Hires at Babcock Graduates Apprentices Placements, Internships and Sponsorships Recruitment Process Help and Enquiries Diversity and Inclusion Armed Forces Commitment Recruitment Fraud Frequently Asked Questions Media Centre Contact © 2014 Babcock International Group PLC Site Map Privacy & Cookies Terms By continuing to browse this website you are agreeing to our use of cookies. 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