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£9bn – Defence efficiency savings
Outsourcer Babcock International (BAB) says it is well placed to secure new work on the back of a £9bn efficiency regime under the Government’s five-year Strategic Defence and Security Review.
Cost savings are an area where outsourcers should be able to excel and Babcock says there are opportunities in the civil sector, where it also does business. With an order book standing at £20bn, Babcock says it has visibility of 93% of budgeted revenues in its current financial year and 63% in the year after.