Grace's Guide

British Industrial History

Grace's Guide is the leading source of historical information on industry and manufacturing in Britain. This web publication contains 148,394 pages of information and 233,863 images on early companies, their products and the people who designed and built them.

BAE Systems

From Graces Guide

Jump to: navigation, search
2011. BAE Systems Warehouse – Bradford. (photo by Jonathon Tattersall).
2011. BAE Systems Warehouse – Bradford. (photo by Jonathon Tattersall).
2011. BAE Systems Warehouse – Bradford. (photo by Jonathon Tattersall).

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:

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]:




UK Sites included:



See Also

Loading...

Sources of Information

  1. The Times, August 03, 2002
  2. The Times Feb. 21, 2014
  3. 2015 Annual Report p4
  4. 2015 Annual report