BAE to take over Rosyth and Portsmouth Yards?

fred henderson
24th March 2006, 19:28
It is reported in the financial press today that BAE and VT are in talks to jointly make a bid for Babcock. If successful, the plan is for BAE to absorb both Babcock's Rosyth and VT's Portsmouth operations, whilst VT acquires all of the support services activities of Babcock and ceases to be a shipbuilder. It is understood that MoD are in favour of the plan.

Fred (Read)

25th March 2006, 16:35
This sounds a fair deal in a competative world , also better to keep in british hands than a foreign owner.