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BAE Systems plc is a British multinational aerospace, defence and information security company, based in London, England. [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]
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 ]
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).
LONDON -- Defense contractor BAE Systems (ISE: BA.L) is a business with very definite attractions. A £10 billion FTSE 100 (UKX) constituent, the company is expected this year to deliver revenues ...
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 ...
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 ...
The Biden administration is set to send its first slice of grant money from 2022’s CHIPS and Science Act to BAE Systems, a highly anticipated first award of money from the landmark law.