Babcock International’s Australasian CEO for engineering, infrastructure and aviation believes local operations will grow by more than 25 per cent annually, it has been reported.
David Ruff spoke with the AFR about the potential for the business, which has been awarded contract “to provide offshore helicopter support services” in the Timor Sea for the United States oil and gas company Conoco Philips.
Babcock International has annual global revenues over $9 billion and opened a new regional headquarters in Adelaide on Wednesday.
In Australia and New Zealand, the company was generating revenues of $15 million from four years ago and has seen that rise to $250 million annually.
Last September, Babcock secured a five-year contract to help manage Qantas airline’s aviation fleet in 60 locations across Australia.
There are also further opportunities in engineering, defence, and transport and infrastructure sectors.