BVT Surface Fleet
2008 BAE Systems and VT Group merged their military shipbuilding businesses to form a jont venture called BVT Surface Fleet, 55 percent owned by BAE and 45 percent by VT. This included Fleet Support Limited, which was rebranded as BVT Surface Fleet Support Limited.
2009 VT sold its 45 percent share of the shipbuilding JV company BVT Surface Fleet to BAE Systems and it was renamed BAE Systems Surface Ships Maritime Ltd
2010 The remainder of the firm was acquired by Babcock International and is now a privately-owned US defence contractor.
See Also
Sources of Information
- Wikipedia: VT Group