BAE Systems(BA.)

Sector:

Aerospace and Defence

Index:

FTSE 100

Market Cap

£16,558m

Change Today

Price Down-7.75p

Share Price

469.75p

Re Joint Venture

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.


Issued by:

BAE Systems plc

London


This information is provided by RNS
The company news service from the London Stock Exchange
 
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