VT Group is pressing ahead with plans to merge its warship building activities with those of BAE Systems after the failure of the two companies to pull off a takeover of the rival naval business Babcock. Paul Lester, VT’s chief executive, denied the collapse of the Babcock bid had put the company on the back foot and said it would remain in a strong position to help create a single UK naval shipbuilder.
Green Marine
about 20 years ago
VT pledges to press ahead with BAE shipyard merger
VT Group is pressing ahead with plans to merge its warship building activities with those of BAE Systems after the failure of the two companies to pull off a takeover of the rival naval business Babcock. Paul Lester, VT’s chief executive, denied the collapse of the Babcock bid had put the company on
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