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.
2004 BAE Systems moved the Stanmore and Milton Keynes business to a new site at Luton, creating a Centre of Excellence with specific expertise in Airborne Integrated Defence Aids Systems, ISTAR, and Operational Support. By 2025, Leonardo employed around 1,000 people at the Luton site who are involved in the design and development of the company’s electronic warfare capability.[2]
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
2005 Finmeccanica acquired BAE Systems’ assets in avionics, communications and air traffic control. Following these acquisitions, the UK becomes Finmeccanica’s second largest domestic market. The UK operations of Alenia Marconi Systems becomes SELEX Systems Integration, while SELEX Communications is founded to work on military communications. The largest part of the UK assets becomes Selex Sensors and Airborne Systems.
BAE Systems Avionics became part of SELEX Sensors and Airborne Systems
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[3]
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:[4]
- Air (53%)
- Marine (28%)
- Land (13%)
- Cyber (6%)
2015 The main reporting segments of the group were[5]:
- Electronic Systems
- Cyber and Intelligence
- Platforms and Services (US)
- Platforms & Services (UK)
- Platforms & Services (International)
- HQ
UK Sites included:
See Also
Sources of Information
- Wikipedia
- Photos by Jonathon Tattersall