HC Deb 17 June 1986 vol 99 c490W
18. Mr. Colvin

asked the Secretary of State for Defence what is the total value of current Ministry of Defence contracts with Royal Ordnance plc.

Mr. Younger

It is not our practice on commercial sensitivity grounds to reveal the total value of our business with individual contractors. I should like to take this opportunity to inform the House that, although substantial progress has been made in the process of transforming Royal Ordnance into a fully fledged commercial entity, it has not been possible to take this far enough and to have in place all the features necessary to provide the basis for a successful flotation this summer. Privatisation remains the Government's objective and further consideration will be given to the means of achieving this.

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