Babcock International Group reported strong performance in the third quarter, with good organic revenue growth and progress in underlying operating margins. The company is confident in meeting its fiscal 2026 margin target of 8% and expects potential upside from Indonesian Arrowhead licenses. CEO David Lockwood will retire by the end of the year, with Harry Holt appointed as his successor. Holt, currently CEO of Babcock’s Nuclear sector, will become Deputy CEO and join the Board in June.

Read more at Nasdaq: Babcock Confident In Delivering On Board’s FY26 Trading Expectations; Harry To Succeed David As CEO