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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. [69] [70] The company was a manufacturer of tactical wheeled vehicles and a provider of vehicle and individual armour systems and survivability technologies. [69]
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 ...
BAE Systems. Shares in London-listed aerospace and defense company BAE Systems soared more than 18% in a record one-day rise and a new high, bringing the increase this year to almost 40%.
LONDON -- Well, that was a lot of fuss and bother about nothing. The other month, BAE Systems' (ISE: BA.L) proposed merger with EADS was all over the front pages of Western Europe's newspapers ...
Sanders Associates, Inc. was a defense contractor in Nashua, New Hampshire, United States, from 1951 until it was sold in 1986. It is now part of BAE Systems Electronics & Integrated Solutions, a subsidiary of BAE Systems. It concentrated on developing and manufacturing electronic systems, notably aircraft self-protection systems, and tactical ...
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 Integrated Defense Solutions.
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 ...