bae systems land & armaments

[170] The MOD has stated "The report remains sensitive.

[53][54] Also in July 2003 BAE Systems and Finmeccanica announced their intention to set up three joint venture companies, to be collectively known as Eurosystems. [122], BAE Systems has its head office and its registered office in City of Westminster, London. The nine-strong fleet of FUCHS are complemented by a training simulator which ensures the specialist operators within the Warminster-based Falcon Squadron can undergo regular training on site. We manage and operate munitions facilities that support and sustain national capabilities.

[98], In September 2012, it was reported that BAE Systems and EADS had entered merger talks. £197 million as of December 2010).

The company faces fewer impediments in this sense than its European counterparts, as there is a high degree of integration between the US and UK defence establishments. [75] BAE Systems expanded its intelligence and security business with the £531 million purchase of Detica Group in July 2008. [52], The UK government, following a cabinet row described as "one of the most bitter Cabinet disputes over defence contracts since the Westland helicopter affair in 1985", ordered 20 BAE Hawk trainer aircraft with 24 options in July 2003 in a deal worth £800 million.

BAE Systems Bofors AB, located in Karlskoga, Sweden, is a Swedish subsidiary of BAE Systems Land and Armaments. [57] Instead, in 2008 BAE Systems merged its Surface Fleet arm with the shipbuilding operations of VT Group to form BVT Surface Fleet, an aim central to the British Government's Defence Industrial Strategy. BAE Systems described 2001 as an "important year" for its European joint ventures, which were reorganised considerably.

[149] Despite suggestions that BAE Systems would prefer an American CEO due to the increasing importance of the United States defence market to the company and the opportunity to make a clean break from corruption allegations and investigations related to the Al-Yamamah contracts, the company announced on 27 June 2008 that it had selected the company's chief operating officer, Ian King, to succeed Turner with effect from 1 September 2008. [150], In 2015 the company invested more than £11m in charities and not-for-profit organisations through company and employee donations to support its key areas of customer, education and heritage. [91][92] The purchases of Queen Elizabeth-class aircraft carriers, the Astute-class submarines, and the Type 26 frigates were all confirmed. Purchased rights for various Beagle and Handley-Page designs from the liquidator. The German government gave the British Army 11 ex-German Army Fuchs vehicles in 1990 to support ground operations during the First Gulf War.

[12] Both BAC and Hawker Siddeley were themselves the result of various mergers and acquisitions. On 2 June 2006 Rothschild valued the company's share at £1.87 billion, well below its own analysts' and even EADS' expectations. In 2002 Heckler & Koch was sold to Heckler and Koch Beteiligungs GmbH. In November 2006, Saudi Arabia put pressure on the British government to end the SFO investigation by suspending negotiations over a new deal for seventy-two Typhoon fighter jets. Minister for the Armed Forces, James Heappey, said: “With the military landscape rapidly changing, it has never been more important to develop our capabilities and continue to strive for innovation and adaptability. Examples include the Challenger 2 main battle tank and the CV90 infantry fighting vehicle family. In February 2009, it was merged into GCS as Global Combat Systems Munitions. ", "The parallel universe of BAE: covert, dangerous and beyond the rule of law", "Security experts admit China stole secret fighter jet plans", "Exclusions from the Government Pension Fund – Global", "Britain Is Best Staying in EU, Says Norway", "Most of Britain's cluster bomb stockpile has been destroyed, say activists", BAE Says Islamic State War Is Call to Arms for Weapons-Maker, Theresa May should expel Saudi Arabia from the UN Human Rights Council, but that's not enough to absolve the UK, BAE chairman to peace activists: 'weapons sales encourage peace', "The firm with a 'back door key to Number 10, "Office for the Registrar of Consultant Lobbyists", BAE Systems profile on corporatewatch.org.uk, Port Victoria Marine Experimental Aircraft Depot, Defence Electronics and Components Agency, Defence Science and Technology Laboratory, https://en.wikipedia.org/w/index.php?title=BAE_Systems&oldid=976694338, Aerospace companies of the United Kingdom, Aircraft manufacturers of the United Kingdom, Manufacturing companies established in 1999, Companies listed on the London Stock Exchange, Electronics companies of the United Kingdom, Manufacturing companies of the United Kingdom, Wikipedia indefinitely move-protected pages, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, Government owned from 1966 to liquidation. In 2007 the government announced it had agreed to release BAE Systems from ten of the undertakings due to "a change in circumstances". Copyright © 2020 BAE Systems. [8] It is the biggest manufacturer in Britain. This impressive contract award is a strong and positive step to evolve our traditional equipment into nimble and ground-breaking technologies”.

[126], BAE Systems was operating in "the only truly open defence market",[127] which meant that it was competing with US and European companies for British defence projects, while they were protected in their home markets. Reporting the appointment of George Simpson as GEC managing director in 1996, The Independent had said "some analysts believe that Mr Simpson's inside knowledge of BAe, a long-rumoured GEC bid target, was a key to his appointment.


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