KBR completed the acquisition of Frazer-Nash Consultancy from Babcock International Group for £293m.

KBR, an engineering, construction, and services company, completed the acquisition of Frazer-Nash Consultancy, an engineering consulting company, from Babcock International Group, a British aerospace, defence and nuclear engineering services company, for £293m ($440m). “We are making real progress on our plan to streamline and focus the group on our key markets. Divesting at least £400m of businesses in our targeted disposals programme will enable us to reduce complexity and increase our focus as we return Babcock to strength. Frazer-Nash Consultancy is a good fit for KBR, and I wish them every success in growing the business further," David Lockwood, Babcock CEO.