4 Companies bidding for Trident contract - BAE, Carlyle Group, General Dynamics

Four companies are preparing to bid for the nuclear submarine maintenance facility at Devonport in a move that could see BAE Systems wrap up the entire £25 billion Trident replacement contract. BAE, Babcock, Carlyle Group and General Dynamics are all understood to have asked UBS, which is handling the sale of Devonport, for a prospectus. KBR, a subsidiary of United States-based Halliburton, controls 51 per cent of The Devonport Royal Dockyard, or DML as it is called. It is understood that relations between KBR and the Ministry of Defence deteriorated so badly that KBR has effectively been forced into selling the dockyard.
Times 16th March 2007