BVT Surface Fleet Ltd. (BVT) became fully operational on 1 July 2008 and is one of the Department's key maritime industrial partners. The company is at the heart of the future warship build programme, for example as the prime contractor for the Type 45 destroyers, playing a key role in the Alliance that will deliver the future carrier, and in providing maintenance support to in-service Royal Navy warships through the Surface Ship Support (SSS) Programme and the Warship Support Modernisation Initiative (WSMi).
MOD and BVT are working to establish a new long-term incentive based Terms of Business Agreement (TOBA) which will seek to transform their surface warship business delivering significant benefit to MOD, its industrial partners and taxpayers.
Good progress continues to be made across the future warship build programme.
Centred on the Type 45 destroyers, the Astute class submarines, the Future Aircraft Carriers and the Future Surface Combatant, it is providing industry with a strong orderbook which will continue well into the next decade and beyond.