will employ 1,200 engineers, mainly in Glasgow and Portsmouth, with a small number based at a design office at Filton in Bristol.
While Cadbury has no family members on its board, the current chairman of BVT
is George's great-grandson Roger Cadbury and six other relatives make up the other 11 trustees.
Defence Minister Quentin Davies said it would help BVT
build a world-class business by supplying the MoD while planning to find other markets.
"NDI has already held meetings with Alan Johnstone, chief executive officer (designate) of BVT
. In April we welcomed Mr Johnstone to the Marine Design Centre in Newcastle where he met member companies and outlined BVT
SHAREWATCH Who: VT Group Why: The group has arranged a deal with defence giant BAE Systems to dispose of its holding in shipbuilding joint venture BVT
. This brings in pounds 303m in cash to VT, and removes a huge amount of uncertainty over the future of the company.
First Sea Lord Admiral Sir Jonathon Band made the prediction at a"cutting of steel" ceremony at the BVT
Surface Fleet yard in Govan.
Once the contract is confirmed, BAE and VT will put shipyards at Govan and Scotstoun, in Scotland, and in Portsmouth into a joint venture called BVT
Following the SkillsUSA Massachusetts event hosted by Valley Tech in May, a total of 17 BVT
gold medalists traveled in June to the national event in Kansas City, Missouri and competed against more than 5,000 of the country's best vocational technical students.
1 April 2010- Biotech company Swedish Orphan Biovitrum (STO: BVT
) said today it agreed with Merck Serono, a unit of German pharma company Merck KGaA (ETR: MRK), to expand the distribution of the antidote Cyanokit to Ireland, the UK and the Netherlands.
14 January 2010 - Swedish biotech company Biovitrum (STO: BVT
) said today that it completed the acquisition of home sector player Swedish Orphan International AB for a consideration of some SEK1.9bn, paid in cash and in newly-issued shares.
It was handed the subcontract by BVT
Surface Fleet on behalf of the consortium building the ships, the Aircraft Carrier Alliance (ACA) which consists of Thales UK, BAE Systems, BVT
Surface Fleet, Babcock and the Ministry of Defence.