Major UK maritime security firm sinks
A major UK maritime security firm that protects ships from pirates has ceased trading, leaving dozens of its staff stranded around the globe.
Hampshire-based Gulf of Aden Group Transits (GoAGT) went bust earlier this week after a meeting between management and its creditors.
The company, which provides security personnel to locations around the world, employs about 230 ex-military personnel. It has been reported that the company allegedly owes millions of pounds in unpaid salaries.
Staff had recently been deployed to locations including the Red Sea, the Indian Ocean and South Africa, and they were left having to find their own
Our news & analysis is now part of Defence Insight®
A Basic-level or higher Defence Insight subscription is now required to view this content.
More from Naval Warfare
-
US Navy’s $275 billion BBGN plan hinges on shipyard transformation
The US Navy’s planned nuclear-powered warship carries a US$275 billion price tag, but the greater story lies in the industrial overhaul needed to build it, from AI-enabled design to digital twins and modular construction.
-
RTX confirms US Marine Corps and US Navy acquire Hadalus UUV
RTX told Shephard that the Hadalus UUV has been procured by the US Marine Corps and the Office of Naval Research for operational experimentation as the company prepares additional demonstrations with the US Navy, NATO and AUKUS partners.
-
Europe’s naval contractors benefit from growing refit and upgrade demand
Rheinmetall’s order to modernise the German Navy frigate Bayern points to a wider European shift towards extending warship service life as new-build programmes face delay.
-
The UK joins the movement towards joint procurement
The UK will spend an estimated US$3.89 billion over the next decade in joint naval programmes, a lot of which will be in cooperation with Norway.