30th Jun 2008 12:36
RNS Number : 8674X
BAE SYSTEMS PLC
30 June 2008
BAE Systems - BVT Surface Fleet joint venture
30 June 2008
BAE Systems and VT Group today confirmed that their Joint Venture, BVT Surface Fleet (BVT) will become operational on Tuesday 1 July 2008.
BAE Systems and VT Group will have equal board representation and voting rights. BVT will employ over 7,000 people at facilities in Glasgow, Bristol (Filton) and Portsmouth. BAE Systems and VT have appointed Sir John Parker as the non-executive Chairman and Alan Johnston as Chief Executive of BVT.
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BAE Systems plc
London
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