Vickers Shipbuilding and Engineering Ltd |
Vickers Shipbuilding and Engineering Ltd (VSEL), based at Barrow-in-Furness, Cumbria. Now BAE Systems Marine Ltd, VSEL was acquired during the merger of British Aerospace and GEC's defence business.
1977's Aircraft and Shipbuilding Industries Act 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.
Ironically BAe had attempted to buy VSEL in the mid-1990s, but lost a bidding war to GEC. 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. Following
GEC's purchase VSEL became Marconi Marine (VSEL).
Modern Warships built by VSEL
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