Navigating these challenging times requires strategic business
decisions, strong teams, creative contracting and building
partnerships with our customers, vendors and cooperating
contractors. As we seek to set industry standards for
delivering customer-critical support services, we implemented a
multifaceted strategic plan to achieve this goal, which
includes:
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Operating Philosophy: Restructuring our
business operations to take advantage of cost efficiencies and
functional expertise, and working with
our worldwide partners to help expand capabilities,
recognizing the increased efficiencies and benefits this
delivers.
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Global Capabilities: Leveraging the
capabilities and strengths across VT Group and our parent company,
Babcock International Group, to offer a
diverse portfolio of global capabilities, expertise, financial
security and organizational stability.
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Creative Contracting: Providing and
supporting facilities, equipment and other assets, we can guarantee
their ongoing availability in line with the customers' requirements
and commit to ensuring these requirements are met, while assuming
the risks associated with owning and/or operating the asset and
minimizing costs.
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Strategic Market Growth: Identifying new market
entry points allows us to meet our financial objectives, diversify
our customer base and position the company in strategic growth
areas of unmanned systems support services, healthcare technology,
logistics support and services and engineering support of
communications and security systems.