Babcock Thorn, a consortium operated by Babcock International and Thorn EMI, was awarded the management contract for Rosyth dockyard in 1987; with Rosyth Dockyard becoming a government owned, contractor run facility. This contract was awarded in parallel with Devonport Management Limited's contract to run Devonport Dockyard, Plymouth. In 1993 the Ministry of Defence announced plans to privatise Rosyth. Babcock International, who had bought out Thorn's share of the original Babcock Thorn consortium, was the only company to submit a bid and after protracted negotiations purchased the yard in January 1997.