Naval support company Fleet Support Limited (FSL) celebrates its tenth anniversary at the end of February with the satisfaction of having played a key role in the renaissance of Portsmouth Naval Base. The Joint Venture between BAE Systems and VT Group was established originally to manage the former Fleet Maintenance and Repair Organization (FMRO). Some 1,000 employees, primarily involved in ship repair, transferred to the new company as the private sector became tasked with improving efficiency and reducing costs in the Base.