Company type | Wholly owned subsidiary |
---|---|
Industry | Maritime, Aviation, Information Systems and Technology, Manufacturing and Fabrication, IT, Engineering, Infrastructure & Installation, Unmanned, Logistics & Training, Base Operations, Healthcare, Hospitality, Commercial, Government Solutions, Security & Surveillance, DoD |
Predecessor | Vosper & Company John I. Thornycroft & Company |
Founded | 1866 |
Headquarters | Chantilly, Virginia |
Key people | John Hassoun (CEO) |
Owner | VT Holdings, Inc. |
Subsidiaries | VT Milcom Inc. VT Services Inc. VT Aepco Inc. VT Griffin Inc. National Technologies Associates, Inc. Delta Resources, Inc. Intelligent Shift, LLC Advanced Systems Supportability Engineering Technologies and Tools (ASSETT) Next Rev Technologies, Inc. Vana Solutions Clear Cloud |
Website | vtgdefense |
VTG (formerly VT Group) is a privately held United States defense and services company, with its origins in a former British shipbuilding group, previously known as Vosper Thornycroft. The British part of VTG was integrated into Babcock International in the early 2010s. In July 2012, The Resolute Fund II, LP, an affiliate of The Jordan Company acquired VTG. In September 2023, VTG received a new majority investment from A&M Capital Partners.
VT Group plc was a British defence and services company, formerly known as Vosper Thornycroft. The company had diversified from shipbuilding into various engineering and support services, becoming involved in many areas of provision through five main operating groups: VT Communications, VT Education and Skills, VT Services Inc and VT Support Services. VT Group exited the shipbuilding industry in October 2009, after selling its 45% share of the Shipbuilding Joint Venture company BVT Surface Fleet to BAE Systems. Formerly listed on the London Stock Exchange and a constituent of the FTSE 250 Index, the remainder of the firm was acquired by Babcock International Group in July 2010. [1]
The company was formed by the merger of two shipbuilding companies Vosper Limited of Portsmouth and J I Thornycroft of Woolston, Southampton in 1966, at which time the Company became listed on the London Stock Exchange as Vosper Thornycroft. [2] Vosper Ltd built small boats and J I Thornycroft had a long history of building destroyers and similar sized craft. The company was nationalised by the Labour Government in 1977, becoming a division of British Shipbuilders. It became a commercial company again after a management buyout in 1985.
Vosper Thornycroft flourished even during lean times for warship building, mainly through successful sales efforts in exports and diversification outside the core shipbuilding business into training and support. In 1998, Vosper Thornycroft acquired the specialist military boatbuilder Halmatic, based in Portchester.
In 2001, in their most ambitious diversification project, VT started work on the US$55million superyacht Mirabella V for former Avis Car Hire boss Joe Vittoria. At the time of its completion in 2004, Mirabella V was the world's largest single-masted sailing vessel with an overall length of 75 metres and a mast height of approximately 87 metres. [3]
From 2002, the overall business was known as VT Group plc. [2]
From its formation in 1966, the company was based at the former Thornycroft shipbuilding yard at Woolston in Southampton, Hampshire but in 2003 relocated its shipbuilding operations to new facilities in the HMNB Portsmouth Naval Dockyard under the name VT Shipbuilding. In 2008, VT Shipbuilding was merged with BAE Systems' Glasgow-based Surface Fleet Solutions subsidiary to form BVT Surface Fleet. [4] The VT Halmatic boatyard site in Portchester was also sold off to Trafalgar Wharf, with Halmatic also moving into Portsmouth Naval Base.
In 2008, VT Group acquired BNG Project Services from the government-owned British Nuclear Fuels for £75m. As the provider of nuclear decommissioning and waste treatment engineering services, Project Services gave VT Group access to the nuclear industry in the UK and abroad. The business was renamed VT Nuclear Services. [5]
On 28 January 2009 VT Group announced its intention to sell its share of BVT Surface Fleet to BAE Systems. VT Group's put option valued its share at a minimum of £380 million subject to conditions, however VT Group was expected to make a cash injection into the business to offset difficulties with contracts with Trinidad and Tobago and Oman. Following the sale of VT Group's 45% share, BVT Surface Fleet was renamed BAE Systems Surface Ships to reflect the total ownership. [6]
In 2010, the British defence and construction company Babcock International purchased VT Group for £1.32bn. [7] [8]
Babcock integrated the UK portion of VT Group into its own business. In 2012, Babcock sold VT Group, which was by then US-based, to the private investment fund Resolute Fund II LP, linked to the Jordan Company. [9]
In September 2023, VTG received a new majority investment from A&M Capital Partners.
VT Group rebranded as VTG in 2020. [10]
VTG is composed of 10 subsidiaries focused on maritime, aviation, information systems and technology, manufacturing and fabrication, digital transformation, and national security with more than 1500 employees.
BAE Systems plc is a British multinational aerospace, defence and information security company, based in London, England. It is the largest manufacturer in Britain as of 2017. It is the largest defence contractor in Europe and the seventh-largest in the world based on applicable 2021 revenues. Its largest operations are in the United Kingdom and in the United States, where its BAE Systems Inc. subsidiary is one of the six largest suppliers to the US Department of Defense. Its next biggest markets are Saudi Arabia, then Australia; other major markets include Canada, Japan, India, Turkey, Qatar, Oman and Sweden. The company was formed on 30 November 1999 by the £7.7 billion purchase of and merger of Marconi Electronic Systems (MES), the defence electronics and naval shipbuilding subsidiary of the General Electric Company plc (GEC), with British Aerospace, an aircraft, munitions and naval systems manufacturer.
Great British Nuclear (GBN), formerly British Nuclear Fuels Ltd (BNFL), is a nuclear energy and fuels company owned by the UK Government. It is a non-departmental public body sponsored by the Department for Energy Security and Net Zero.
HMS Mersey is a River-class offshore patrol vessel of the British Royal Navy. Named after the River Mersey, she is the fifth RN vessel to carry the name and the first to be named Mersey in 84 years. Various tenders were renamed Mersey during their service with Mersey Division Royal Naval Reserve between the early 1950s and late 1970s.
M5 is a sloop-rigged super yacht launched in 2003 as Mirabella V. She is the largest single-masted yacht ever built.
British Shipbuilders (BS) was a public corporation that owned and managed the shipbuilding industry in Great Britain from 1977 through the 1980s. Its head office was at Benton House in Newcastle upon Tyne, England.
Yarrow Shipbuilders Limited (YSL), often styled as simply Yarrows, was a major shipbuilding firm based in the Scotstoun district of Glasgow on the River Clyde. It is now part of BAE Systems Surface Ships, owned by BAE Systems, which has also operated the nearby Govan shipyard since 1999.
BAE Systems Marine Limited was the shipbuilding subsidiary of BAE Systems, formed in 1999, which manufactured the full range of naval ships; nuclear submarines, frigates, destroyers, amphibious ships.
John I. Thornycroft & Company Limited, usually known simply as Thornycroft, was a British shipbuilding firm founded by John Isaac Thornycroft in Chiswick in 1866. It moved to Woolston, Southampton, in 1908, merging in 1966 with Vosper & Company to form one organisation called Vosper Thornycroft. From 2002 to 2010 the company acquired several international and US-based defence and services companies, and changed name to the VT Group. In 2008 VT's UK shipbuilding and support operations were merged with those of BAE Systems to create BVT Surface Fleet. In 2010 remaining parts of the company were absorbed by Babcock International who retained the UK and international operations, but sold the US based operations to the American Jordan Company, who took the name VT Group.
HMS Tyne is a River-class offshore patrol vessel built by Vosper Thornycroft in Southampton for the Royal Navy to serve as a fishery protection unit within the United Kingdom's waters along with her two sister ships Mersey and Severn. All three were commissioned into service in 2003 to replace the five older Island-class patrol vessels.
Vosper Thornycroft may refer to:
CAP Scientific Ltd was a British defence software company, and was part of CAP Group plc. In 1988, CAP Group merged with the French firm Sema-Metra SA in 1988 as Sema Group plc. In 1991 Sema Group put most of its defence operations into joint venture with British Aerospace called BAeSEMA, which British Aerospace bought out in 1998. Parts of the former CAP Scientific are now BAE Systems (Insyte).
Babcock International Group plc is a British aerospace, defence and nuclear engineering services company based in London, England. It specialises in managing complex assets and infrastructure. Although the company has civil contracts, its main business is with public bodies, particularly the United Kingdom's Ministry of Defence and Network Rail. The company has four operating sectors, with overseas operations based in Africa, North America, South America, Europe and Australia.
HMS Severn is a River-class offshore patrol vessel of the Royal Navy. Named after the River Severn, the ship is the first to bear the name in 56 years. She was built by Vosper Thornycroft in Southampton, England, to serve primarily as a fishery protection unit within the United Kingdom's waters along with her two sister ships Mersey and Tyne. All three were commissioned into service in 2003 to replace the five older Island-class patrol vessels. The ship was decommissioned in 2017, but the Government decided to recommission her as part of Brexit preparedness. She returned to service in 2020 and was recommissioned into the Royal Navy on 28 August 2021.
Thornycroft, Thorneycroft, or Thornicroft may refer to:
Vosper & Company, often referred to simply as Vospers, was a British shipbuilding company based in Portsmouth, England.
Fleet Support Limited (FSL) is a British company formed to run HMNB Portsmouth's Fleet Maintenance and Repair Organisation (FMRO) on a commercial basis. The FMRO was an agency of the Ministry of Defence responsible for repair and maintenance of Royal Navy vessels. FSL performs this task but also undertakes commercial work such as shiprepair, refitting, conversion and hull fabrication. FSL also carries out heavy engineering work and nondestructive testing for the marine and engineering sectors.
BAE Systems Maritime – Naval Ships is a wholly owned subsidiary company of BAE Systems, specialising in naval surface shipbuilding and combat systems integration. One of three divisions of BAE Systems Maritime, along with BAE Systems Submarines and BAE Systems Maritime – Maritime Services, it is the largest shipbuilding company in the United Kingdom, one of the largest shipbuilders in Europe, and one of the world's largest builders of complex warships.
Trafalgar Wharf is a shipyard in Portsmouth accommodating marine engineering businesses ranging from sailmakers and boat brokers to boat builders. It was formerly the VT Halmatic shipyard, owned by VT Group and latterly by BVT Surface Fleet. In November 2023 the site was acquired by Premier Marinas who also operate Port Solent marina opposite.
History of Woolston, suburb of Southampton, Hampshire.
BAE Systems Maritime – Maritime Services is a wholly owned subsidiary company of BAE Systems, specialising in the repair and maintenance of Royal Navy vessels, as well as product development, naval training and through life support for radar, torpedoes and small boats. Along with BAE Systems Maritime – Submarines and BAE Systems Maritime – Naval Ships, it is one of three divisions of BAE Systems Maritime.