BAE Systems

Hesketh quits Babcock after attack on carrier deal

Lord Hesketh, who labelled the £5.2bn project to build two new Royal Navy aircraft carriers a "disaster" that will make Britain a "laughing stock", has resigned as deputy chairman of Babcock International, the engineering group whose Rosyth yard, in Fife, is building the vessels.

More headlines

MoD's Nimrod disgrace

After cost-cutting is blamed in devastating report on air crash that killed 14, ministry seeks further 'efficiency savings'