December 14, 2006
BAE and VT Group start surface ship merger talks
BAE Systems PLC and VT Group PLC (formerly Vospr Thornycroft) have announced that they are in early discussions regarding the combination of their surface ship build and naval support businesses into a joint venture. BAE Systems' submarines business is not included within the scope of these discussions. This initiative is in line with the Defense Industrial Strategy of the U.K. Ministry of Defence.