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On 16 June 2003 BAE sold its 25% share of Astrium for £84 million, however due to the lossmaking status of the company, BAE Systems invested an equal amount for "restructuring". [41] BAE Systems sold its 54% majority share of BAE Systems Canada, an electronics company, in April for CA$310 (approx. £197 million as of December 2010). [42]
BAE Systems Inc. (formerly BAE Systems North America) is an American subsidiary of multinational defense, security, and aerospace company BAE Systems plc.The American subsidiary operates under a Special Security Agreement which allows it to work on some of the most sensitive United States defense programs despite its foreign ownership. [2]
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]
The company confirmed Monday that it had hired Wells Fargo (WFC) and JP Morgan (JPM) "to advise on strategic options" BAE Systems Puts U.S. Component Unit Up for Sale Skip to main content
In 1986, Sanders Associates was bought by Lockheed Corporation and became Sanders, A Lockheed Company. Following the Lockheed/Martin Marietta merger in 1995, Sanders was merged into Lockheed Martin Aerospace Electronic Systems. In July 2000, Lockheed announced the sale of this group to BAE Systems for $1.67 billion.
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British Aerospace Space Systems Ltd was a subsidiary of British Aerospace. In 1994, it was sold to Matra Marconi Space , which also acquired Ferranti Satcomms at the same time. British Aerospace regained an interest in the company when it merged with GEC's Marconi Electronic Systems to form BAE Systems .
With an ROE of 18.48%, BAE Systems plc (LSE:BA.) outpaced its own industry which delivered a less exciting 11.34% over the past year. While the impressive ratio tells us thatRead More...