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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]
In May 2007 the company announced its subsidiary BAE Systems Inc. was to purchase Armor Holdings for £2.3 billion (approx. US$4.5 billion c. 2007) and completed the deal on 31 July 2007. [68] [69] The company was a manufacturer of tactical wheeled vehicles and a provider of vehicle and individual armour systems and survivability technologies. [68]
Both parent and subsidiary headquarters are co-located in Broomfield, Colorado. In August 2023, Ball Corporation agreed to divest Ball Aerospace to BAE Systems Inc. for $5.6 billion in cash. [5] On February 14, 2024 The companies announced that all regulatory approvals were in place to allow the deal to complete. [6]
BAE Systems Platforms & Services is a wholly owned subsidiary of BAE Systems Inc. and is a large provider of tracked and wheeled armored combat vehicles, naval guns, naval ship repair and modernization, artillery and missile launching systems, advanced precision strike munitions and ordnance, and other technologies for U.S. and international customers.
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 ...
Tracor, Inc. was a major North American defense electronics contractor which was acquired by Marconi Electronic Systems (MES), a subsidiary of General Electric Company plc, in 1998. Following the purchase of MES by British Aerospace in November 1999 to form BAE Systems, Tracor became BAE Systems
BAE Systems Southeast Shipyards is a division of BAE Systems Ship Repair, which itself is a subsidiary of BAE Systems Inc., the North American arm of British defense conglomerate BAE Systems. It was formed through the acquisition of Atlantic Marine from the J.F. Lehman and Company private equity firm in May 2010 for $352 million. [4] [5] [6]
In 2016, Woodburn joined BAE Systems as its chief operating officer. [4] On joining BAE Systems he was to be paid an annual base salary of £750,000. Additionally he was given more than £1.6m to compensate for incentive schemes at his previous company Expro. [ 5 ]