River blot on BAE Systems’ maritime results
BAE Systems has created a £47 million ($61 million) loss provision for the Batch 2 River-class OPV build, after identifying programme quality issues, some of which saw the first vessel, HMS Forth, returned to the care of company by the Royal Navy in 2018.
The news was revealed in the company's financial results for 2018, published on 21 February. The company had previously stated that ‘some of its processes were not good enough’ in the River programme and had initiated efforts to rectify the issue.
The run of five Batch 2 River OPVs has been controversial
Already have an account? Log in
Want to keep reading this article?
More from Naval Warfare
-
![Half of Australia’s first Hunter frigate is now in fabrication]()
Half of Australia’s first Hunter frigate is now in fabrication
BAE Systems Maritime Australia’s Andy Coxall gave Shephard a progress update on its HMAS Hunter frigate, while addressing concerns over the cost difference between Australia’s programme and Norway’s.
-
![RH Marine and Naval Group partnership moves Dutch submarine programme forward]()
RH Marine and Naval Group partnership moves Dutch submarine programme forward
The addition of Dutch company RH Marine to the programme aligns with the country’s aim of enhancing its sovereign submarine strategy.
-
![US Coast Guard announces $350 million investment in robotics and autonomous systems]()
US Coast Guard announces $350 million investment in robotics and autonomous systems
The USCG will use part of this funding to acquire SkyDio X10D short-range uncrewed aircraft systems, VideoRay Defender remotely operated vehicles and Qinetiq Squad Packable Utility and mini-SPUR robots.
