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BAE Systems

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BAE Systems plc
  • British Aerospace Limited (1979–1981)
  • British Aerospace Public Limited Company (1981–2000)[1]
Company typePublic
FTSE 100 Component
IndustryAerospace, arms industry, information security
Founded30 November 1999; 24 years ago (1999-11-30)
HeadquartersLondon, England, UK
Area served
Key people
ServicesMaintenance, consultancy, training etc.
RevenueIncrease GB£23.078 billion (2023)
Increase GB£2.573 billion (2023)
Increase GB£1.940 billion (2023)
Total assetsIncrease GB£32.064 billion (2023)
Total equityDecrease GB£10.723 billion (2023)
Number of employees
93,000 (2024)
DivisionsSee below
Footnotes / references

BAE Systems plc (BAE) is a British multinational arms, security and aerospace company, based in London, England.[4][5] It is the biggest manufacturer in Britain as of 2017.[6] It is the largest defence contractor in Europe[7] and the seventh-largest in the world based on 2021 revenues.[8]

Locations[change | change source]

BAE's largest operations are in the United Kingdom and in the United States. In the U.S., BAE Systems Inc. subsidiary is one of the six largest suppliers to the US Department of Defense. Its next biggest markets are Saudi Arabia, then Australia; other major markets include Canada, Japan,[9][10] India, Turkey, Qatar, Oman and Sweden.[2]

Establishment[change | change source]

The company was formed on 30 November 1999 by merger of Marconi Electronic Systems, the defence electronics and naval shipbuilding subsidiary of the General Electric Company plc, with British Aerospace, an aircraft, munitions and naval systems manufacturer.

Successions[change | change source]

BAE is the successor to many aircraft, shipbuilding, armoured vehicle, armaments and defence electronics companies. These include the Marconi Company, the first commercial company for the development and use of radio; A.V. Roe and Company, one of the world's first aircraft companies; de Havilland, manufacturer of the Comet, the world's first commercial jet airliner; Hawker Siddeley, manufacturer of the Harrier, the world's first VTOL attack aircraft; British Aircraft Corporation, co-manufacturer of the Concorde supersonic transport; Supermarine, manufacturer of the Spitfire; Yarrow Shipbuilders, builder of the Royal Navy's first destroyers; Fairfield Shipbuilding and Engineering Company, builder of the world's first battlecruiser; and Vickers Shipbuilding and Engineering, builder of the Royal Navy's first submarines.

Buying other businesses[change | change source]

Since 1999, BAE has bought other businesses. They bought United Defense and Armor Holdings of the United States, and has sold its shares in Airbus, Astrium, AMS and Atlas Elektronik. It is involved in several major defence projects. These include the Lockheed Martin F-35 Lightning II, the Eurofighter Typhoon, the Astute-class submarine, and the Queen Elizabeth-class aircraft carriers. BAE Systems is listed on the London Stock Exchange's FTSE 100 Index.

References[change | change source]

  1. "BAE Systems PLC overview - Find and update company information - GOV.UK". Companies House. 1979-12-31. Retrieved 2024-02-11.
  2. 2.0 2.1 "Annual Report 2023 BAE Systems plc" (PDF). BAE Systems. Retrieved 21 February 2024.
  3. "Where we operate". BAe Systems. Retrieved 21 February 2024.
  4. "Company Information". BAE Systems | United Kingdom.
  5. "BAE Systems plc - Overview (free company information from Companies House)". find-and-update.company-information.service.gov.uk.
  6. "BAE Systems sheds 2,000 jobs in Britain". The Economist. 12 October 2017. Archived from the original on 13 October 2017. Retrieved 13 October 2017.
  7. Defence IQ Press 06/12/2013 (12 June 2013). "Top 10 Defence Companies: BAE Systems #3". Defence IQ. Archived from the original on 10 October 2018. Retrieved 2019-03-02.{{cite web}}: CS1 maint: numeric names: authors list (link)
  8. "Top 100 for 2021". Defense News. Retrieved 23 January 2022.
  9. "BAEシステムズジャパン正式発足、戦略市場として体制強化" (in Japanese). Archived from the original on 4 November 2022. Retrieved Nov 4, 2022.
  10. "黒船来る? 英巨大企業BAEシステムズ日本法人設立 国や日本企業が期待を抱く切実理由" (in Japanese). 17 November 2021. Retrieved Nov 4, 2022.