Merger Between BAE Systems and VT Close to Completion

Wednesday, February 21, 2007
BAE Systems and VT Group were reported to be close to completing a $1.9b merger of their shipbuilding assets. The tie-up, which it was reported could happen in about five weeks, is being driven by the Ministry of Defence's desire for industry consolidation ahead of a aircraft carrier project for the Royal Navy. The MoD also believes that one national champion will stand a better chance of winning export orders in the future. It will also allow the companies to concentrate on specialist skills rather than duplicating operations. BAE Systems and VT Group said in December that they were in early discussions regarding the combination of their surface ship and naval support businesses. Source: Yorkshire Post
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Crown Prince Frederik to Attend the Danish Maritime Forum

Maritime key leaders, ministers and leading experts from all around the world will be accompanied by the Danish Crown Prince when they meet for the Danish Maritime Forum, October 7-8, 2015.

Apply Now for the MN 100

The August 2015 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators,

CMA CGM Launches New TransAtlantic Service

The CMA CGM Group announced that it will launch a new container shipping offering between North America and North Europe at the end of May 2015. The group will

Navy

Taiwan Offers South China Sea Peace Plan

Taiwan proposed a peace initiative on Tuesday to resolve territorial disputes in the South China Sea that it says will reduce tensions that have put Beijing at

Singapore and China Conclude Naval Drill

The Republic of Singapore Navy (RSN) and the People's Liberation Army (Navy) (PLAN) concluded the inaugural Exercise Maritime Cooperation, a new bilateral naval exercise series on Tuesday (May 26).

Japan, Malaysia to Beef up Maritime Cooperation

Japanese Prime Minister Shinzo Abe and his Malaysian counterpart Najib Razak pledged to advance defense and maritime cooperation.   It is the first time that

 
 
Maritime Contracts Maritime Security Navigation Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2758 sec (4 req/sec)