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British Aerospace bought Marconi Electronic Systems for £7.7 billion on 30 November 1999 and merged with it to form BAE Systems. [11] The company is the successor to many of the most famous British aircraft, defence electronics and warship manufacturers.
The company was created on November 30, 1999 through the merging of Marconi Electronic Systems (MES) and British Aerospace (BAe) to form BAE Systems. Their respective subsidiaries in the USA, Marconi North America and British Aerospace North America, were similarly merged to form BAE Systems North America.
British Aerospace plc (BAe) was a British aircraft, munitions and defence-systems manufacturer that was formed in 1977. Its head office was at Warwick House in the Farnborough Aerospace Centre in Farnborough, Hampshire . [ 1 ]
In 1999, GEC was broken up and parts sold off. Marconi Electronic Systems, which included its wireless assets, was demerged and sold to British Aerospace which then formed BAE Systems. GEC, realigning itself as a primarily telecommunications company following the MES sale, retained the Marconi brand and renamed itself Marconi plc. BAE were ...
BAE Systems was formed in 1999 by the merger of British Aerospace (BAe) and Marconi Electronic Systems (MES). BAe's land systems business was RO Defence, a major manufacturer of explosives, ammunition and small arms.
Long-term contracts, such as BAE's 17% share of the U.S. F-35 fighter program, and an order book of over a year's sales, provide visibility to BAE's revenues. Long-term contracts can have an ...
In a joint venture, they are also building new tanks and armoured vehicles for the British Army, Germany’s Rheinmetall and the UK’s BAE Systems-formed RBSL to manufacture the Boxer armoured ...
In February 1998, Marconi Instruments, the test equipment arm of GEC, was sold to IFR Systems. [32] In March 1998, GEC announced the merger of its radar and avionics business with Alenia Difesa to form Alenia Marconi Systems. [33] In June 1998, it completed the $1.4bn acquisition of major American defence contractor Tracor, which became part of ...