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BAE Systems Inc. (formerly BAE Systems North America) is an American subsidiary of British 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]
BAE Systems plc is a British multinational aerospace, defence and information security company, based in London. [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]
Woodburn was the chief executive of Expro Group, which surveys and manages oil and gas wells around the world. He had also spent 15 years at Schlumberger, an oil services company, overseeing major projects in Thailand, Australia, and the US. [5] In 2016, Woodburn joined BAE Systems as its chief operating officer. [4]
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BAE is the world's third-largest defense contractor, with its leading position in the U.K. market (20% of sales) enshrined in public policy, and a strong position in the U.S. (40% of sales).
In July 2000, Lockheed announced the sale of this group to BAE Systems for $1.67 billion. [ 3 ] [ 4 ] The company became BAE Systems Information & Electronic Warfare Systems (IEWS). In 2005, this was merged into the newly created BAE Systems Electronics & Integrated Solutions .
BAE Systems Electronic Systems was formed in June 2005 by an internal reorganisation of these businesses. Lockheed had identified AES as a candidate for disposal following a strategic review in 1999. BAE Systems agreed to acquire the group in July and completed its acquisition of AES on 27 November 2000. [2] [3] The group encompassed Sanders ...
In 1991, BAe acquired a 30% interest in Hutchison Telecommunications through a stock swap deal, where Hutchison was given a controlling stake of 65% in BAe's wholly owned subsidiary Microtel Communications Ltd. [48] [49] [50] In August 1991, BAe formed a naval systems joint venture, BAeSEMA, with the Sema Group. [48] BAe acquired Sema's 50% ...