CVF Manufacturing Contract Boosts VT Group

Thursday, July 03, 2008

VT Group announced that its new shipbuilding and naval support joint venture, BVT Surface Fleet Limited, is to be the major beneficiary from the manufacturing contract signed for two new Royal Navy aircraft carriers (CVF).

The CVF contract will contribute in the region of £3 billion to BVT’s order book, of which just under half will be delivered by the joint venture directly and the balance sub-contracted. CVF revenues will start to flow through BVT shortly with production of the first carrier set to start later this year.
VT owns 45 percent of BVT, with the remaining 55 per cent owned by Systems.

BVT, which officially started operations on July 1, also includes the remaining work on the Royal Navy’s Type 45 Anti Air Warfare Destroyer program and export projects for and in its order book.

Maritime Reporter October 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Odfjell Finalizes LPG/Ethylene Joint Venture Deal

Following Odfjell SE’s May 16, 2014 announcement declaring the signing of a definitive agreement to form a LPG/E shipping joint venture, Odfjell today announced

Chinese Manufacturing Expansion Affects Shipping Demand

The expansion of the Chinese Manufacturing Industry continued in September at unchanged pace as compared to the month before, BIMCO reports. The manufacturing industry

Marorka Opens Offices in Copenhagen

Marorka announced it is currently expanding following a substantial injection of funds. The expansion plan was approved and Marorka will extend its worldwide network in 2014.

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1617 sec (6 req/sec)