Peter J. Lynas
Group Finance Director & Executive Director
President of Austin, TX
Gerard J. DeMuro
Bae Systems was founded in the year 1999. The company has been operational for almost 20 years now. The company was formed due to an amalgamation between British Aerospace and Marconi Electronic Systems, for an amount of $7.7 billion. In the year 2000, the company had identified Airbus as the company to provide support services to militaries as well as provide integrated systems for land, air and also marine applications too. The company had described the year 2001 as an essential year for doing various joint ventures in Europe. Due to the acquisitions in the year 2004 and 2005, the company had become the second largest land systems supplier in the world. During the years between 2008 and 2011, the company had acquired almost five different cybersecurity companies as well.
Then in the year 2004, the company was planning to sell off its shipbuilding divisions, which consisted of the following - BAE Systems Submarines and BAE Systems Naval Ships. In the year 2008, the company had merged off its Surface Fleet arm with the operations for shipbuilding with the VT Group for the formation of the BVT Surface Fleet as well. This was central to the Defense Industrial Strategy of the British Government. In the year 2005, the company had sold off its German naval systems subsidiary, known as the Atlas Elektronik. The following year, the company had collaborated with Saudi Arabia for delivering 72 Eurofighter Typhoons, for around 6 billion to 10 billion UK Pounds. The same year, the company was also awarded a contract for providing Tornados to the Royal Air Force of the UK, for an amount of 947 million UK Pounds. In the year 2007, the company had purchased Armor Holdings for around 2.3 billion UK Pounds. The company had also taken over Tenix Defence, for approximately 373 million UK pounds. Then in the year 2010, the company had purchased a marine support company, known as Atlantic Marine, for around $352 million. The company sold off its business of BAE Systems Regional Aircraft, in the year 2011. The next year, the company had sacked almost 3,000 employees as well. In the year 2014, the company was awarded two different British Government contracts, of 248 million and 600 million UK Pounds. As of the year 2017, the company had partnered with TAI officials for an amount of 100 million UK Pounds, for developing the TAI TFX aircraft. In the year 2019, the company have announced that it will be selling off 55 per cent of the company's share to Rheinmetall for about 28.6 million UK Pounds. The headquarters of the company is based in Carlton Gardens. The name of the place is St. James', while the name of the state is London, UK. The pin code of the area is SW1Y 5AD.
BAE Systems is a British company that is focused on designing, development and also supplying of various kinds of defence and aerospace systems, that are used on the land, air, sea and even space as well. The current CEO of the company is Charles Woodburn. As of the year 2018, the total revenue generated by the company is more than 16.8 billion UK pounds. Also, the number of employees working at the company, as of the year 2019, is more than 83,200. The company is the largest defence contractor in Europe and also one of the largest in the world as well.
The primary services provided by the company include the manufacturing, designing, development and supplying of various kinds of security, defence and aerospace equipment. The company offers its technology and equipment for the military and civil aerospace, defence electronics, land warfare systems and also naval vessels as well.
Please log in again. The login page will open in a new window. After logging in you can close it and return to this page.