Offshore Energy
  • news
  • test
JobsNewsletter
Offshore Energy logo

© 2026 Navingo. All rights reserved.

Home›News›Shipbuilding merger set for completion
News

February 19, 2007 · about 19 years ago

Shipbuilding merger set for completion

BAE Systems and VT Group were today reported to be close to completing a £1bn (€1.48bn) merger of their shipbuilding assets. The tie-up, which the Times newspaper said could happen in about five weeks, is being driven by the Ministry of Defence’s desire for industry consolidation ahead of a £4bn (€5

1 minutes read
  • LinkedIn
  • X
  • Email

BAE Systems and VT Group were today reported to be close to completing a £1bn (€1.48bn) merger of their shipbuilding assets.

The tie-up, which the Times newspaper said could happen in about five weeks, is being driven by the Ministry of Defence’s desire for industry consolidation ahead of a £4bn (€5.9bn) aircraft carrier project for the Royal Navy.

Reach the Offshore Energy industry in one go!

Offshore Energy is read by thousands of professionals every day.

Increase your visibility with banners, tell your story with a branded article, and showcase your expertise with a full-page company profile in our business directory.

CONTACT

Follow Offshore Energy on:

Filed under

News

Home of Energy Transition

Join thousands of industry professionals who start their day with our newsletter.

Trending Now

  1. 1ADES jack-up rig pair lines up drilling jobs in Nigerian and UK waters
  2. 2Odfjell Drilling’s rig remaining with Norwegian oil & gas operator for another year
  3. 3Karoon boosts Brazilian field’s oil output with all wells now online
  4. 4TotalEnergies offloading Mexican shallow water block to Grupo Carso

Home of Energy Transition

Join thousands of industry professionals who start their day with our newsletter.

Subscribe free