first_imgTuesday 25 January 2011 3:55 am John Dunne Show Comments ▼ Defence group Babcock said third-quarter trade had been strong and that the outlook for 2011 and beyond was positive despite defence budget cuts.Babcock said its order book was stable at about £12bn and the year ahead was positive.It said its performance was driven by growth at its defence, security and marine units.The company, which last year bought out rival VT Group, said it was confident of achieving £50m of pre-tax savings from the deal and a run rate of £11m by the end of March.The Government slashed defence spending by eight per cent last year to help cut the budget deficit, but junior defence minister Peter Luff said last week that it would buy equipment from British firms.Babcock said in a statement: “We continue to be involved in positive dialogue with our key customers at the Ministry of Defence and with the Cabinet Office. We expect discussions with the Cabinet Office to be concluded by the end of the financial year.“We anticipate the outcome of the Comprehensive Spending Review and Strategic Defence and Security Review will lead to significant new outsourcing opportunities.” whatsapp Share whatsapp Babcock upbeat despite defence cuts More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Tags: NULLlast_img