Vosper Thornycroft is to relocate its group headquarters to Hedge End next month, as part of the company reorganisation that will see the closure of its Woolston shipyard and the transfer of production to Portsmouth.
Vosper Thornycroft and BAe Systems have received government confirmation that a further three Royal Navy warships will be ordered, securing thousands of jobs at yards in Glasgow and Portsmouth.
Vosper Thornycroft and BAe Systems have won orders worth £1bn to build three warships for the Ministry of Defence, which should secure more than 5,000 jobs at shipyards on the Clyde and in Hampshire.
Vosper Thornycroft is expecting to win a major contract to build the next generation of destroyers for the Ministry of Defence, which would secure 1,000 jobs at its Southampton shipyard for five years.
Vosper Thornycroft is planning to rebuild a dry dock at Dartmouth Naval College's Sandquay base, doubling the size of craft that can be repaired there, and the workforce is expected to rise by about 50.
Vosper Thornycroft is planning to expand its Portchester shipyard over the next two years, and the workforce will rise from 50 to 300 as it relocates Halmatic from Southampton and Vosper Thornycroft Controls from Cosham.