BAE Systems
1999 November 30th. BAE Systems was formed by the £7.7 billion merger of British Aerospace (BAe) and Marconi Electronic Systems.
2002 The company employed 111,578 people, achieved export sales of £3 billion and paid £2.6 billion in taxes. These figures exclude the contribution of Airbus UK
2003 BAE Systems split its ship and submarine building operations - the VSEL unit became an independent division known as BAE Systems Submarines. This was renamed BAE Systems Submarine Solutions in January 2007.
2004 Acquired Alvis Vickers Ltd the dominant UK maker of armoured vehicles[1], becoming BAE Systems Land Systems.
2005 Acquired United Defense Industries, when Land Systems became BAE Systems Land and Armaments. The other major areas of business were:
- Electronics, Intelligence and Support
- Programmes
- Customer Solutions and Support
- Integrated Systems and Partnerships
- Commercial Aerospace
- HQ and other business.
Some of the parts of the maritime activities were:
- BAE Systems Marine - Naval Ships
- BAE Systems Marine - Submarines
- BAE Systems Marine - Maritime Services
2014 The USA accounted for 37 percent of sales in 2013 but cuts to the US defence budget had not been unexpected and would affect the Land and Armaments Division the most; the company had been rebalancing its activities for some years in expectation[2]
2015 Employs 82,500 persons across 400 sites in over 40 countries of which 33,800 persons are in the UK (63 sites). Sales are £17.9bn of which 92% are defence-related, split between different areas:[3]
- Air (53%)
- Marine (28%)
- Land (13%)
- Cyber (6%)
2015 The main reporting segments of the group were[4]:
- Electronic Systems
- Cyber and Intelligence
- Platforms and Services (US)
- Platforms & Services (UK)
- Platforms & Services (International)
- HQ
UK Sites included:
See Also
Sources of Information
- ↑ The Times, August 03, 2002
- ↑ The Times Feb. 21, 2014
- ↑ 2015 Annual Report p4
- ↑ 2015 Annual report
- Wikipedia
- Photos by Jonathon Tattersall