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.

[2] Vosper Ltd built small boats and J I Thornycroft had a long history of building destroyers and similar sized craft.

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 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.

[5] On 28 January 2009 VT Group announced its intention to sell its share of BVT Surface Fleet to BAE Systems.

[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.