VT Group close to carrier contract.
Investors Chronicle - magazine and web content, January, 2008
VT Group says negotiations with BAE Systems are very advanced, while the government has given a signed commitment to the proposed terms of a business agreement to build two new aircraft carriers. Stephen Gunnion
Worries about delays in a contract to build two new aircraft carriers for the Ministry of Defence (MoD) appear to have been overdone, with VT Group saying that negotiations with BAE Systems on a proposed shipbuilding and naval support joint venture remain at a very advanced state. There had been concerns that the GBP3.9bn contract could be delayed due to budget constraints at the MoD, but both groups have received a signed commitment on the proposed terms of the agreement from the government.
In an interim trading statement, VT Group said...
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