BAE Systems

BAE Systems plc
Formerly
  • British Aerospace Limited (1979–1981)
  • British Aerospace Public Limited Company (1981–2000)[1]
Company typePublic
LSEBA.
FTSE 100 Component
IndustryAerospace, defence and information security
Predecessors
Founded30 November 1999; 24 years ago (1999-11-30)
HeadquartersLondon, England, UK
Area served
Worldwide
Key people
RevenueIncrease £23.078 billion (2023)
Increase £2.573 billion (2023)
Increase £1.940 billion (2023)
Total assetsIncrease £32.064 billion (2023)
Total equityDecrease £10.723 billion (2023)
Number of employees
93,000 (2024)
DivisionsSee below
Subsidiaries
Websitebaesystems.com
Footnotes / references
[2][3]

BAE Systems plc is a British multinational aerospace, defence and information security company, based in London, England.[4][5] It is the largest 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 applicable 2021 revenues.[8] Its largest operations are in the United Kingdom and in the United States, where its 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] The company was formed on 30 November 1999 by the £7.7 billion purchase of and merger of Marconi Electronic Systems (MES), the defence electronics and naval shipbuilding subsidiary of the General Electric Company plc (GEC), with British Aerospace, an aircraft, munitions and naval systems manufacturer.

BAE Systems is the successor to various aircraft, shipbuilding, armoured vehicle, armaments and defence electronics companies, including the Marconi Company, the first commercial company devoted to 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.

Since its 1999 formation, BAE Systems has made a number of acquisitions, most notably of 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, including the Lockheed Martin F-35 Lightning II, the Eurofighter Typhoon, the Astute-class submarine, and the Queen Elizabeth-class aircraft carriers. BAE is listed on the London Stock Exchange's FTSE 100 Index.

  1. ^ "BAE Systems PLC overview - Find and update company information - GOV.UK". Companies House. 31 December 1979. Retrieved 11 February 2024.
  2. ^ a b "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 2 March 2019.{{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 4 November 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 4 November 2022.