Babcock have entered into a strategic agreement with HII to collaborate on naval and civil nuclear decommissioning and construction opportunities in the UK and US. Both companies will apply their complementary capabilities to existing nuclear decommissioning contracts for US ships and UK submarines, to share best practices and provide the opportunity to upskill and enhance both organisations’ capability for the benefit of the US and UK programmes. The Memorandum of Understanding also identifies opportunities for cooperation in civil nuclear, including power plant and component design, fabrication and construction in North America and the UK. This will include leveraging the capability of our wholly-owned subsidiary, Cavendish Nuclear. Babcock will also explore how our combined capability as global leaders in defence can be applied in support of the AUKUS programmes.
“This collaboration supports our expanding global reach and capability. We look forward to working with HII to realise the benefits that our collaboration can bring to the nuclear programmes in UK, US and beyond” said David Lockwood, CEO of Babcock.
“As we expand our presence globally this is an important agreement to leverage more than 60 years of HII expertise in complex nuclear processes on behalf of civil and defence customers. We are excited to explore with Babcock potentially promising opportunities for both companies.,” said Chris Kastner, president and CEO of HII.
HII Corporate, formerly Huntington Ingalls Industries, Inc., is the largest military shipbuilding company in the United States as well as a provider of professional services to partners in government and industry. HII, ranked No. 371 on the Fortune 500, was formed on 31 March 2011, as a spin-off of Northrop Grumman. HII comprises three divisions: Newport News Shipbuilding, Ingalls Shipbuilding, and Mission Technologies. HII’s Newport News and Ingalls Shipbuilding divisions in Virginia and Mississippi, respectively, have built more ships in more ship classes than any other U.S. naval shipbuilder. In April 2022, Huntington Ingalls Industries changed its branding name to HII.
Babcock International Group plc is a British aerospace, defence and nuclear engineering services company based in London, England. It specialises in managing complex assets and infrastructure. Although the company has civil contracts, its main business is with public bodies, particularly the United Kingdom’s Ministry of Defence and Network Rail. The company has four operating sectors, with overseas operations based in Africa, North America, South America, Europe and Australia. Babcock is listed on the London Stock Exchange, and is a constituent of the FTSE 250 Index.
