VT Group (VT), the Support Services
and Shipbuilding Company
, has been selected as the preferred bidder to enter the next round of discussions for the supply of Ocean Patrol Vessels (OPVs) for the Royal Navy
Technical and contractual negotiations will commence next month and should be concluded by late summer 2006. Contract duration will be four years and the value will be in excess of £400m, including initial support.
VT Group Chief Executive Paul Lester commented
: “This is set to be a major export success and extends the long and successful relationship that we have had with the Royal Navy of Oman over
the past 25 years.
“With our work on the UK’s Type 45 destroyer and future aircraft carrier
, this additional workload will ensure that our shipbuilding division will be operating at a high level of activity for several years to come.”