BAE Systems

#122

Rank

$112.19B

MarketCap US

US United States

Country

Summary

BAE Systems designs, develops, and supports defense and aerospace systems used in the air, on land, at sea, and in space.BAE Systems engages in the design, development, manufacture, and support of defense and aerospace systems used in the air, on land, at sea, and in space. The company provides electronic systems and subsystems for military and commercial applications; security and protection products for law enforcement and first responders; and armored combatvehicles, artillery systems, and intelligent munitions, as well as support and service solutions for defense, intelligent, and civilian systems. Its products include combat systems, aeronautics products, information and electronic warfare systems, information and intelligence systems, land and armaments, avionics and navigation systems, reconnaissance and surveillance systems, space electronics, and transformational communications systems. BAE Systems, Inc. was formerly known as BAE Systems North America, Inc. The company was incorporated in 1997 and is headquartered in Rockville, Maryland. It has locations in the United States, the United Kingdom, Sweden, Israel, and South Africa. BAE Systems, Inc. operates as a subsidiary of BAE Systems Holdings, Inc.


History

1999: The Platforms and Services (International) segment comprises its group’s businesses in Saudi Arabia, Australia as well as shareholdings in MBDA and Indian business. It was founded on November 30, 1999, and is headquartered in London, the United Kingdom.“ Since 1999 almost all of BAE Systems' growth has been concentrated in the United States BAE Systems North America has grown to the point where its sales to the United States Department of Defense have surpassed those of its parent to the UK Ministry of Defence.

2000: In April 2000, BAE purchased Lockheed Martin Control Systems (LMCS), a manufacturer of electronic controls for aircraft, space vehicles and the transportation industry for US$510 million. In 2000 the company employed some 100,000 people directly and in joint ventures and was the largest exporter in the United Kingdom.

2002: In December 2002 BAE Systems completed its acquisition of Condor Pacific, Inc. for $58.5 million.

2003: In 2003 BAE Systems acquired Advanced Power Technologies, Inc (APTI), a data exploitation company and provider of communications and networking solutions, for $27 million.

2004: Also in September 2004 BAE announced it was to acquire ALPHATECH, a Massachusetts-based image and signal processing company. The deal was completed on October 25, 2004 for approximately $600 million and the company was merged into the newly created BAE Systems Information Technology.

2005: The acquisition received regulatory approval from the Committee on Foreign Investment in the United States on April 18, 2005 and was completed on June 24. BAE Systems North America was renamed BAE Systems Inc. in 2005 following a major reorganisation of BAE Systems plc as a result of the SELEX Sistemi Integrati and United Defense Industries transactions.

2007: BAE Systems announced the purchase of Armor Holdings, a Florida-based manufacturer of military, law enforcement and personnel safety equipment on May 7, 2007. On December 12, 2007, BAE announced the acquisition of Dayton, Ohio-based MTC Technologies.

2008: The purchase was finalised in June 2008.

2022: BAE Systems sponsors Code First Girls CFGdegree to encourage greater workplace diversity 10 May 2022 BAE Systems and the University of Nottingham Malaysia partner to tackle “missed risk” in money laundering 14 Mar 2022 Find out about our Financial Services sector webinars and events for 2022 Farnborough International Airshow (FIA) BAE Systems' Robotic Technology Demonstrator strikes ground target with APKWS® laser-guided rocket 29 Jun 2022 Slovakia selects BAE Systems CV90 for new combat vehicle 28 Jun 2022 BAE Systems wins contract to continue sustaining United States intercontinental ballistic missiles 27 Jun 2022


Mission

To provide real-time global access to resilient and sustainable SATCOM capabilities for joint operations warfighters.


Vision

Our vision is to be the premier international defence, aerospace and security company.


Key Team

Glynn Phillips (Board Member)

Ben Hudson (Chief Technology Officer)

Julian Cracknell (Board Member)

Bill Logan (Chief Engineer)

Karin Hoeing (Board Member)

Charlie Nisbet (Chief Engineer CSC)

Mark Phillips (Board Member)

Brad Greve (Board Member)

Brad Yelland (Chief Technology Officer)

Chris Boardman (Board Member)

Dave Armstrong (Board Member)

Charles Woodburn (CEO)

Brad Greve (Board Member)

Chris Boardman (Board Member)


Recognition and Awards
Fortune Global 500, Fortune: Most Admired Companies

References
BAE Systems
Leadership team

Andrew Williams (Chief Engineer LSI Project Delivery)

Ann Ackerson (Chief Procurement Officer)

Products/ Services
Naval vessels, Munitions, Land warfare systems
Number of Employees
20,000 - 50,000
Headquarters
Farnborough, Hampshire, United Kingdom
Established
1999
Company Registration
SEC CIK number: 0001230244
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
BA
Social Media
Mon Feb 26 2024
About

businessabc offers a global business, SMEs wiki directory blockchain, NFTs, AI powered marketplace for businesses worldwide.

Follow Us
Produced by
In collaboration with
Logo

Copyright 2023 © businessabc powered by ztudium