VT Group(VTG)

Sector:

Aerospace and Defence

Index:

FTSE 250

Market Cap

£828.31m

Change Today

Price Down-15.75p

Share Price

472.00p

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
 
END
 
 
JVEURUARWVRNOAR

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Digital Look have been voted
"Best Research and Information Provider"

4th Floor, Bankside House, 107 Leadenhall Street, London EC3A 4AF.
Registered in England and Wales (registered no. 3678570).