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in
Scotland. The Rosyth Dockyard already had nuclear refitting facilities under construction when, in 1993, DML made an unsolicited bid to take over the work which in future would only be awarded to one yard. For the next two years the two dockyards made tit-for-tat claims regarding the suitability
112:. In 2006 it was announced that Halliburton would be floating its subsidiary KBR on the stock market, this went ahead against the wishes of the UK government and Ministry of Defence as they felt the floating of KBR would make the DML group unstable. In 2004 DML acquired
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owning 10.3%. Vickers had formed a joint venture with Brown & Root which included its contracting arm. The management contract was awarded to DML on 24 February 1987, with management officially transferred on 6 April 1987 The dockyards remained property of the
140:
Babcock was announced as the successful bidder for
Devonport in a deal that was worth £350 million and would secure them a 100% stake in the company. Babcock international announced that the DML Group would then become part of
119:
In early 2007 it was announced that the DML group was for sale and major players in the world defence industry were rumoured to be interested in buying the company from the current share holders.
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and withdrew it from the DML consortium. At the urging of the
Ministry of Defence, Brown & Root took a 51% stake DML. In February 1993 DML purchased the Devonport yard for £40.3 million.
231:
White, David (25 June 1993). "Shrinking navy prompted great nuclear race: David White tracks the two-year highly politicised battle for the contract to refit
Trident submarines".
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suggested that the
Ministry of Defence was keen to see these combined with BAE's submarine manufacturing facilities. In the end this sale was not completed and DML was bought by
50:, was one of three companies bidding for the Devonport contract in 1986. The others were Devonport Dockyard, formed by the then management of the dockyard, and a consortium of
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HMNB Devonport : Naval Bases & Air
Stations : Establishments : Operations and Support : Royal Navy
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nuclear submarines. This was the result of a two-year highly politicised battle between DML and the management of
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indirectly acquired The M. W. Kellogg
Company and merged it with Brown & Root to form
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instead. Only two companies lodged bids by the closing date; Babcock
International and
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247:"Anglo-American consortium buys Devonport Royal Naval Dockyard for pounds 40m"
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The DML ownership structure was restructured in 1987, with Brown & Root,
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The deal was approved by the
Ministry of Defence at the end of June 2007.
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Buchan, David (30 August 1986). "Three Bid For RN Dockyard".
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In June 1993 DML was awarded the contract for refitting of
276:"BAE finds clear blue water in bid to win Devonport yard"
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was one of the companies rumoured to be interested; The
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of their own facilities compared to their competitor.
255:. Newspaper Publishing. 12 February 1997. p. 17
217:. Origin Universal News Services. 6 April 1987.
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16:Owner of Her Majesty's Naval Base Devonport
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211:"Devonport under commercial management".
337:Defence companies of the United Kingdom
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99:Vickers Shipbuilding & Engineering
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104:In 1998 Brown & Root's parent,
274:Foley, Stephen (28 January 2007).
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352:2007 disestablishments in England
301:Naval dockyard bought for £350m
347:1993 establishments in England
342:Trident (UK nuclear programme)
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235:. Financial Times. p. 8.
200:. Financial Times. p. 3.
282:. Independent News and Media
183:Devonport Management Limited
20:Devonport Management Limited
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24:Devonport Royal Dockyard
114:Appledore Shipbuilders
71:Barclays de Zoete Wedd
69:each owning 29.9% and
58:and Wharton Williams.
56:Appledore Shipbuilders
280:Independent on Sunday
131:Babcock International
126:Independent on Sunday
28:Babcock International
76:Ministry of Defence
42:DML, then owned by
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308:10 May 2007
214:PR Newswire
121:BAE Systems
106:Halliburton
331:Categories
286:28 January
259:19 January
152:References
83:Royal Navy
67:Weir Group
322:DML Group
97:acquired
305:BBC News
168:Archived
93:In 1994
48:Vickers
38:History
288:2007
261:2007
65:and
46:and
110:KBR
95:GEC
333::
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223:^
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54:,
34:.
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