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HISTORY The Aircraft And Shipbuilding Industries Act 1977 saw Vickers Shipbuilding Nationalized and incorporated into British Shipbuilders . Vickers was the first shipyard of this group to return to the private sector. This occurred in 1986 , after it acquired Cammell Laird . Cammel-Laird was later closed in 1993 . In 1994 VSEL was subject to two takeover proposals, one from GEC and another from British Aerospace (BAe). 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 following 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. BAe's bid was approved, while the MMC concluded (with 2 of 22 members dissenting) that GEC's bid was likely to "operate against the public interest". However it was GEC's bid that was approved and accepted by VSEL. In many ways it was British Aerospace who was the most likely partner, with extensive capabilities in naval systems (''see'' BAeSEMA ), but no shipbuilding capabilities of its own. GEC already owned Yarrow Shipbuilders Ltd (YSL) as well the naval systems businesses of Plessey and Ferranti . 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. Shipbuilding timeline of the Vickers name
MODERN WARSHIPS BUILT BY VSEL |
Image:Trafalgar Class SubmarineJPG''Trafalgar''-class Of Seven Nuclear Attack
| "http://wwwinformationdelightinfo/encyclopedia/entry/submarine" class="copylinks">Submarine s |
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Image:HMCS Windsor SSK 877jpg
| "http://wwwinformationdelightinfo/encyclopedia/entry/HMCS_Windsor_(SSK_877)" class="copylinks">HMCS ''Windsor'' , ''Victoria''-class attack submarine |
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