Military History | How To Make War | Wars Around the World Rules of Use How to Behave on an Internet Forum
United Kingdom Discussion Board
   Return to Topic Page
Subject: VT, BAE to finalise JV after MoD gives go-ahead to Navy Carriers
DragonReborn    5/20/2008 2:45:52 PM
So the Carriers still looking pretty certain then? But will we have much to fly off them once their built?? h!!p://www.forbes.com/afxnewslimited/feeds/afx/2008/05/20/afx5029874.html ONDON (Thomson Financial) - VT Group Plc. and BAE Systems Plc. (other-otc: BAESF.PK - news - people ) will launch their long-awaited joint venture to combine their shipbuilding and naval support operations after the UK Ministry of Defence approved a project to build two aircraft carriers for the Royal Navy, the companies said Tuesday. The two groups said they would finalise arrangements for the venture, which has been on hold while they awaited the MoD's go-ahead for the carriers. There had been speculation that the 4 billion pound CVF carrier project, first announced last July, might fall victim to defence spending cuts. BAE and VT said they expect to sign the JV transaction documentation shortly. The agreement will then be subject to VT shareholder approval. BAE chief executive Mike Turner said: 'This is an important milestone in the development of the CVF programme and plays a major part in the long term sustainability of the UK naval sector and the transformation of our business. 'The programme will provide a strong order book and forward workload over the coming years and, most importantly will provide our armed forces with significantly enhanced capability.' In a separate statement, the MoD said it had completed all the necessary financial, commercial, and management arrangements for the project, adding that the super aircraft carriers will be the biggest and most powerful surface warships ever constructed in the United Kingdom. The new VT-BAE joint venture will be a key member of the Aircraft Carrier Alliance which will construct and assemble the new carriers at shipyards in Portsmouth, Barrow-in-Furness, Glasgow and Rosyth, said the MoD. Other members of the alliance include Bab International Group Plc. and Thales (other-otc: THLEF.PK - news - people ) UK. Bab said the contract will be worth some 600 million pounds to Bab through the duration of the programme to 2015. Thales said the contract will be worth well over 500 million euros to the group. 'We are delighted with the decision which has been taken today. We have been working on the programme since the very beginning and the design which has been processed so far is a Thales design,' said CEO Denis Ranque. VT is also awaiting a government decision on a 6 billion pound military flight training contract and last week said it and Lockheed Martin (nyse: LMT - news - people ) were expecting to reach a financial close on the project before the end of May.
 
Quote    Reply

Show Only Poster Name and Title     Newest to Oldest
Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25   NEXT
Herald12345    French Designed Carrier; British yards    5/20/2008 3:16:57 PM
Thales has its criminal mits in this disaster in the making.

You will BITTERLY regret this mistake.

Herald

 
Quote    Reply

interestedamateur       5/20/2008 4:54:47 PM

Thales has its criminal mits in this disaster in the making.

You will BITTERLY regret this mistake.

Herald


You may well be right Herald. We're not experienced any more at constructing Carriers, and the build strategy and consortium certainly seems complex.
 
Personally I have come to the conclusion that they are over-ambitious. We don't have the aircraft, the pilots, the crew or the money to run to equip and run them properly. Until 2018 or so, they will have Harrier GR9's and goodness knows when the Sea King ASAC's will be replaced. It's all a bit third rate really.
 
I feel that we should have replaced the Invinceable's with a ship closer to the size and function of your Wasp class (or our old Hermes) with a load of say 6 fighters and 20 helicopters. That's far more realistic and affordable than the Queen Elizabeth's.  
 
Our failure in Iraq (with Afghanistan going the same way of being a mixture of small tactical successes but overall strategic failure) shows that the UK simply can't cut it any longer. Compared to the efforts you Yanks are making, we've become an irrelevent joke. I'm not sure I care too much as I never agreed with Iraq anyway, but when I hear that the Iraqi Prime Minister dislikes us because we released prisoners so the the gangs in Basra would let 4th Rifles retreat to the airport without being shot at, it kind of brings home what a shower we have become.
 
Quote    Reply

DragonReborn       5/20/2008 5:01:46 PM
What the MOD mess up a procurement project that's never happend before what makes you think it will happen this time!!!

Herald, I don't know much about Thales specifically but I mush admit that an major procurement plan, especially one as important as this fills me with fear in terms of what we could potentially do to bulls it up!!

Didnt the Olympic games start out at £4billion and its now at £9billion??

 
Quote    Reply

DragonReborn       5/20/2008 5:07:47 PM
What the MOD mess up a procurement project that's never happend before what makes you think it will happen this time!!!

Herald, I don't know much about Thales specifically but I mush admit that an major procurement plan, especially one as important as this fills me with fear in terms of what we could potentially do to bulls it up!!

Didnt the Olympic games start out at £4billion and its now at £9billion??

 
Quote    Reply

DragonReborn       5/20/2008 5:11:20 PM
What the MOD mess up a procurement project that's never happend before what makes you think it will happen this time!!!

Herald, I don't know much about Thales specifically but I mush admit that an major procurement plan, especially one as important as this fills me with fear in terms of what we could potentially do to bulls it up!!

Didnt the Olympic games start out at £4billion and its now at £9billion??

 
Quote    Reply

DragonReborn       5/20/2008 5:13:58 PM
What the MOD mess up a procurement project that's never happend before what makes you think it will happen this time!!!

Herald, I don't know much about Thales specifically but I mush admit that an major procurement plan, especially one as important as this fills me with fear in terms of what we could potentially do to bulls it up!!

Didnt the Olympic games start out at £4billion and its now at £9billion??

 
Quote    Reply

Herald12345    Eberything we learned about the modern CTOL carrier, we learned originally from you.    5/20/2008 8:19:36 PM
Angled flight deck, mirrored landing system, catapults, arrestor gear, starboard island, elevators, and even the hurricane bow, you pioneered .
What the MOD mess up a procurement project that's never happend before what makes you think it will happen this time!!!

Herald, I don't know much about Thales specifically but I mush admit that an major procurement plan, especially one as important as this fills me with fear in terms of what we could potentially do to bulls it up!!

Didnt the Olympic games start out at £4billion and its now at £9billion??


Why didn't you look to your own past VAST native experience, or come to US for help, if you needed it?

Herald
 
Quote    Reply

flamingknives       5/21/2008 5:22:37 PM
Why not use our own experience?
Because we sold it off.

Why not use the US?
Because some Americans - regretfully some of those in power -  are not to be trusted.

Like it or not, We've got VT as pure UK, BAEsystems as mostly UK and Thales as UK with French ownership.
They're all in it. 

Calling the Thales CVF design team French is like called the ex-United Defense engineers British.
 
Quote    Reply

Herald12345       5/21/2008 5:35:37 PM

Why not use our own experience?
Because we sold it off.

Why not use the US?
Because some Americans - regretfully some of those in power -  are not to be trusted.

Like it or not, We've got VT as pure UK, BAEsystems as mostly UK and Thales as UK with French ownership.
They're all in it. 

Calling the Thales CVF design team French is like called the ex-United Defense engineers British.
Incompetent French engineers and political [read lawyers] project managers have their hands in the QE class, FK. I can see the fingerprint of their engineering idiocy all the way across the Atlantic.

And though Thales is now technically a holding company as much as BAE is, the CRIMINALITY that is Thales taints everything they touch, much as in LockMart [or United Defense] management and mismanagement seems to be synonymous terms these days. 

Herald
 
Quote    Reply

flamingknives       5/21/2008 6:52:05 PM
As if Raytheon or Boeing aren't as bad.

I'm sure we could find some rubbishness anywhere if we looked hard enough.

Could have been worse though. Northrop and GD are hardly shining examples of boat building at the moment.
 
Quote    Reply
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25   NEXT



 Latest
 News
 
 Most
 Read
 
 Most
 Commented
 Hot
 Topics