The owners of Rosyth dockyard have threatened to move their operations to England if they were not made welcome in an independent Scotland.
David Lockwood, chief executive of defence giant Babock, said the timescales around any future independence negotiations mean such a move would be “manageable”, though not ideal.
The boss spoke after the Prime Minister visited the Fife shipyard on Monday and saw work being carried out to build the first new Type 31 frigate for the Royal Navy.