Vickers Shipbuilding and Engineering


Vickers Shipbuilding and Engineering
Vickers Shipbuilding & Engineering Limited (VSEL)
Type Limited company
Industry Shipbuilding
Marine Engineering
Fate Acquired
Successor BAE Systems Submarine Solutions
Founded 1871
Headquarters Barrow-in-Furness, United Kingdom
Owner(s) British Shipbuilders (1977-1986)
GEC (1995-1999)
BAE Systems (1999-present)

Vickers Shipbuilding and Engineering, Ltd (VSEL) was a shipbuilding company based at Barrow-in-Furness, Cumbria in northwest England that built warships, civilian ships, submarines and armaments. The company was historically the Naval Construction Works of Vickers Armstrongs and has a heritage of building large naval warships and armaments. Through a complicated history the company's shipbuilding division is now BAE Systems Submarine Solutions and the armaments division is now part of BAE Systems Land and Armaments.

Contents

History

The Company was founded in 1871 by James Ramsden as the Iron Shipbuilding Company, but its name was soon changed to Barrow Shipbuilding Company.[1]

In 1897, Vickers & Sons bought the Barrow Shipbuilding Company and its subsidiary the Maxim Nordenfelt Guns and Ammunition Company, becoming Vickers, Sons and Maxim, Limited.[2] The shipyard at Barrow became the Naval Construction Yard. In 1911 the company was renamed Vickers Ltd, and in 1927 became Vickers Armstrongs Ltd after a merger with Armstrong Whitworth, whose shipyard at High Walker on the River Tyne became the "Naval Yard".

In 1955 the name of the shipbuilding division changed to Vickers Armstrongs Shipbuilders, Ltd and changed again in 1968 to Vickers Limited Shipbuilding Group.[3] The Company was nationalised under the Aircraft and Shipbuilding Industries Act in 1977 and subsumed into British Shipbuilders.[3]

The ex-Vickers yard at Barrow was the first shipyard of the British Shipbuilders group to return to the private sector. It was sold, together with Cammell Laird, in March 1986 to an employee-led company, VSEL Consortium. The company was floated on the London Stock Exchange in December 1986.[4]

Vickers Shipbuilding and Engineering is located in Cumbria
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Map showing the location of VSEL within Cumbria.

In 1994 VSEL was subject to two takeover proposals, one from GEC[5] and another from British Aerospace (BAe).[6] VSEL was willing to participate in a merger with a larger company to reduce its exposure to cycles in warship production, particularly following the "Options for Change" defence review after the end of the Cold War. Both bids were referred to the Monopolies and Mergers Commission (MMC) which issued its conclusions and advice to government in May 1995.[7] BAe's bid was approved, while the MMC concluded (with two of 6 members dissenting) that GEC's bid was likely to "operate against the public interest".[8] However it was GEC's bid that was approved and accepted by VSEL.[9]

Following GEC's purchase VSEL became Marconi Marine (VSEL), part of the company's GEC-Marconi division. With the merger of British Aerospace and GEC's defence business - Marconi Electronic Systems - VSEL passed to the resulting company, BAE Systems as part of BAE Systems Marine. In 2003 it became an independent division known as BAE Systems Submarines after BAE systems split its ship and submarine building operations. This was renamed BAE Systems Submarine Solutions in January 2007.[10]

Ships built by VSEL

See also

References


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Look at other dictionaries:

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  • Vickers (disambiguation) — Vickers may refer to:Organisations*Vickers, a British engineering conglomerate founded in 1828. ** Vickers Limited ** Vickers Armstrongs ** Vickers plc ** Vickers Defence Systems, defence arm of Vickers plc, sold by Rolls Royce plc to Alvis plc… …   Wikipedia

  • Vickers-Armstrongs — Vickers Armstrong Limited fue un conglomerado de ingeniería británica formada por la fusión de los activos de Vickers Limited y Sir WG Armstrong Whitworth Company en 1927. La mayor parte de la empresa fue nacionalizada en los años 1960 y 1970, y… …   Wikipedia Español

  • Vickers-Armstrongs — For other companies using the Vickers name, see Vickers. Vickers Armstrongs Limited Fate Assets split and majority nationalised Successor Vickers plc British Aircraft Corporation (est.1960) …   Wikipedia

  • Vickers Limited — Please refer to the overview article Vickers for other companies known by this nameInfobox Defunct Company company name = Vickers Limited company fate = Merged with Sir W G Armstrong Whitworth Company successor = Vickers Armstrongs foundation =… …   Wikipedia


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