It also stated the company's desire to both expand in the US and participate in further consolidation in Europe. [159] The $400 million fine was a result of a plea bargain with the US Department of Justice (DOJ) whereby BAE Systems was convicted of felony conspiracy to defraud the United States government. [106], During Theresa May's visit to Turkey in January 2017, BAE and TAI officials signed an agreement, worth about £100 million, for BAE to provide assistance in developing the TAI TFX aircraft. [115] In July 2006, the British government declassified the HERTI (High Endurance Rapid Technology Insertion), an Unmanned Aerial Vehicle (UAV) which can navigate autonomously. With the already highly successful ATR 72 now part of the same product range the Jetstream 61 was immediately cancelled with all four airframes being scrapped at Prestwick. [73][74], BAE Systems inherited British Aerospace's share of Airbus Industrie, which consisted of two factories at Broughton and Filton. For Farnborough, the original prototype ATP (serial number 2001) was re-painted in a J61 scheme and re-registered G-PLXI (LXI being the Roman numeral for 61. A bidding war between BAE Systems, Northrop and General Dynamics ended on 1 June when Northrop's increased bid of £5.1 billion was accepted. [87][88] The purchases of Queen Elizabeth-class aircraft carriers, the Astute-class submarines, and the Type 26 frigates were all confirmed in the 2010 SDSR. The resultant joint venture (JV), Rheinmetall BAE Systems Land (RBSL), was established in July 2019 following regulatory approval and is headquartered at the existing facility in Telford, Shropshire. [39] BAE Systems sold its 54% majority share of BAE Systems Canada, an electronics company, in April for CA$310 (approx. This called for the nationalisation and merger of the British Aircraft Corporation, Hawker Siddeley Aviation, Hawker Siddeley Dynamics and Scottish Aviation. British Aerospace plc (BAe) va ser una empresa britànica dedicada a l'aviació, munició i sistemes de defensa.La seva seu central es trobava a Warwick House en el Farnborough Aerospace Centre de Farnborough, Hampshire. Podjetje je bilo ustanovljeno leta 1977, ko so se združili British Aircraft Corporation, Hawker Siddeley Aviation, Hawker Siddeley Dynamics in Scottish Aviation. [164] The MoD has stated "The report remains sensitive. From 1 January 2018 BAE divides its business into the following business groups: BAE Systems' chairman is Sir Roger Carr. [32], Seventeen undertakings were given by BAE Systems to the Department of Trade and Industry which prevented a reference of the merger to the Monopolies and Mergers Commission. British Aerospace was created in April 1977 by the merger of the British Aircraft Corporation, Hawker Siddeley Aviation, Hawker Siddeley Dynamics and Scottish Aviation. [178] The Guardian has also reported that "clandestine arms deals" have been under investigation in Chile and the UK since 2003 and that British Aerospace and BAE Systems made a number of payments to Pinochet advisers. The company is also the UK's only nuclear submarine manufacturer and thus produces a key element of the United Kingdom's nuclear weapons capability. As a result, BAE Systems is the successor to many of the most famous British aircraft, defence electronics and warship manufacturers. [53] Instead, in 2008 BAE Systems merged its Surface Fleet arm with the shipbuilding operations of VT Group to form BVT Surface Fleet, an aim central to the British Government's Defence Industrial Strategy. Of these capabilities, several are dominated by BAE Systems, including naval vessels and submarines, combat vehicles, fixed-wing aircraft, general munitions (with the exception of certain "niche capabilities abroad") and network-enabled capability (defined as C4ISTAR in the DIS). Shareholders voted in favour and the sale was completed on 13 October. This page was last edited on 4 January 2021, at 06:55. BAE is the successor to various aircraft, shipbuilding, armoured vehicle, armaments and defence electronics companies. [66] BAE Systems (and British Aerospace previously) was a technology partner to the McLaren Formula One team from 1996 to December 2007. [198], Saudi Arabia is BAE's third biggest market. The UK National Audit Office (NAO) investigated the Al Yamamah contracts and has so far not published its conclusions, the only NAO report ever to be withheld. [77] Due to the slow pace of informal negotiations, BAE Systems exercised its put option which saw investment bank Rothschild appointed to give an independent valuation. British Aerospace was formed on 29 April 1977, by the nationalisation and merger of The British Aircraft Corporation (BAC), the Hawker Siddeley Group and Scottish Aviation. [129], BAE Systems Inc. now sells more to the US Department of Defense (DOD) than to the UK MoD. Further, it was suggested that at least one non-executive director was encouraged to make such a move by the MoD due to the increasingly fractious relationship between BAE Systems and the government. The British Aircraft Corporation (BAC) was a British aircraft manufacturer formed from the government-pressured merger of English Electric Aviation Ltd., Vickers-Armstrongs (Aircraft), the Bristol Aeroplane Company and Hunting Aircraft in 1960. The aircraft first flew in August 1986 and entered service with British Midland in 1988. [14] GEC purchased English Electric (which included Marconi) in 1968 and thereafter used the Marconi brand for its defence businesses (as GEC-Marconi and later Marconi Electronic Systems). World War II consolidated this position, as the company was involved in important technological advances, notably the cavity magnetron for radar. [126] The DIS identified key industrial capabilities which must be maintained within the UK through long-term government commitments to support research spending and procurement. British Aerospace plc (BAe) was a British aircraft, munitions and defence-systems manufacturer. "[201], Former Foreign Secretary Robin Cook said of his time in office that he "came to learn that the chairman of BAE appeared to have the key to the garden door to number 10. Airbus Operations Ltd (the former Airbus UK) continues to be the Airbus "Centre of Excellence" for wing production, employing over 9,500. In 2007 the government announced it had agreed to release BAE Systems from ten of the undertakings due to "a change in circumstances". [148], Financial information for the company is as follows:[3][83][85][149][150][151], BAE Systems has been investigated by the Serious Fraud Office (SFO) for the use of corruption to help sell arms to Chile, Czech Republic, Romania, Saudi Arabia, South Africa, Tanzania and Qatar. None were built. [68][69] The partnership originally focused on McLaren's F1 car's aerodynamics, eventually moving on to carbon fibre techniques, wireless systems and fuel management. Disclosure would harm both international relations and the UK's commercial interests. "[128], The attraction of MES to British Aerospace was largely its ownership of Tracor, a major American defence contractor. The military version is considerably more expensive. [42] Although EADS (now Airbus SE) was later reported to be interested in acquiring full control of MBDA, BAE said that, unlike Airbus, MBDA is a "core business". This was prompted by Northrop Grumman's £4.1 billion (approx. [144] It has been suggested that relations between Turner and Olver were tense. In November 2006, Saudi Arabia put pressure on the British government to end the SFO investigation by suspending negotiations over a new deal for seventy-two Typhoon fighter jets. The company faces fewer impediments in this sense than its European counterparts, as there is a high degree of integration between the US and UK defence establishments. [170] On 19 May 2008 BAE Systems confirmed that its CEO Mike Turner and non-executive director Nigel Rudd had been detained "for about 20 minutes" at two US airports the previous week and that the DOJ had issued "a number of additional subpoenas in the US to employees of BAE Systems plc and BAE Systems Inc as part of its ongoing investigation". Another condition was the "firewalling" of former British Aerospace and MES teams on defence projects such as the Joint Strike Fighter (JSF). [25] As well as Airbus, British Aerospace and DASA were partners in the Panavia Tornado and Eurofighter Typhoon aircraft projects. "[35] When Dick Olver was appointed chairman in July 2004 he ordered a review of the company's businesses which ruled out further European acquisitions or joint ventures and confirmed a "strategic bias" for expansion and investment in the US. "[165] The company has been accused of maintaining a £60 million Saudi slush fund. This unique share prevents amendments of certain parts of the company's Articles of Association without the permission of the Secretary of State. On 11 December 2002, the company issued a shock profit warning due to cost overruns of the Nimrod MRA4 maritime reconnaissance/attack aircraft and the Astute-class submarine projects. [130] The company has been allowed to buy important defence contractors in the US, however its status as a UK company requires that its US subsidiaries are governed by American executives under Special Security Arrangements. The Times stated that the decision brought "to an end its controversial relationship with the Gripen fighter aircraft". [47] The troubled Nimrod project would ultimately be cancelled as part of the 2010 Strategic Defence and Security Review (SDSR). [175] There was a two-day hearing before the Lords on 7 and 8 July 2008. This was one of the largest fines in the history of the DOJ. [52], In May 2004, it was reported that the company was considering selling its shipbuilding divisions, BAE Systems Naval Ships and BAE Systems Submarines. [89] A new generation of nuclear missile submarines, the Dreadnought-class, was ordered in 2016. Purchased rights for various Beagle and Handley-Page designs from the liquidator. In 2017, 98% of BAE Systems' total sales were military related. British Aerospace plc (BAe) je bilo britansko podjetje, ki je proizvajalo letala, oborožitvene sisteme in vesoljsko tehniko.Sedež podjetja je bil v Warwick House v Farnboroughu, Anglija. Bond had specifically performed this research with the intention of producing a viable engine for powering a space launch system. The ATPF made its first flight from West Air Sweden's facility in Lidköping on 10 July 2002. A more advanced model, designated as the Harrier GR7, was developed primarily to add a night-time operational capability and avionics improvements The GR7 deve… The Financial Times described the sale as "cut price" because French company Thales bid €300 million, but was blocked from purchasing Atlas by the German government on national security grounds. [13], Marconi Electronic Systems was the defence subsidiary of British engineering firm the General Electric Company (GEC), dealing largely in military systems integration, as well as naval and land systems. [152][153][154] In response, BAE Systems' 2006 Corporate Responsibility Report states "We continue to reject these allegations... We take our obligations under the law extremely seriously and will continue to comply with all legal requirements around the world. [113] The company is a major partner in the F-35 Lightning II programme. Production ran from 1983 until 2002. [121] In comparison, the second largest supplier is Babcock International Group and its subsidiaries, with a revenue of £1.1 billion from the MoD. The ideas behind HOTOL originated from work done by British Engineer Alan Bond in the field of pre-cooled jet engines. It has been used in a … In the post-war era, the Royal Navy began contracting in parallel with the break-up of the British Empire overseas and the emergence of the Commonwealth of Nations, reducing the need for a larger navy. [179], BAE Systems is alleged to have paid "secret offshore commissions" of over £7 million to secure the sale of HMS London and HMS Coventry to the Romanian Navy. Since its formation it has made a number of acquisitions, most notably of United Defense and Armor Holdings of the United States, and sold its shares in Airbus, Astrium, AMS and Atlas Elektronik. The British Aerospace ATP is an airliner produced by British Aerospace, introduced in the 1980s as an evolution of the Hawker Siddeley HS 748. The Financial Times noted that King's career at Marconi distances him from the British Aerospace-led Al Yamamah project. [19] In June 1998, MES acquired Tracor, a major American defence contractor, for £830 million (approx. BAE Systems described 2001 as an "important year" for its European joint ventures, which were reorganised considerably. Champion", "Milestone for BAE as its trade with America outstrips MoD business", "ÅF signs framework agreement with BAE Systems Bofors AB", "BAE's Olver demands 'root and branch' change", "BAE chief admits clashing with chairman over Europe", "Mike Turner abruptly quits as BAE's chief", "Seven countries where BAE have been undec investigated – Bribing for Britain? These include The Marconi Company, the first commercial company devoted to the development and use of radio; A.V. US$6 billion c. 2002) hostile bid for TRW in February 2002. [105] During 2014 BAE Systems acquired US-based cybersecurity firm Silversky for $232.5 million. A suite of special crew stations also featured, as did a choice of up to six weapon pylons under the wings and fuselage. [43][44], In June 2002, BAE Systems confirmed it was in takeover discussions with TRW, an American aerospace, automotive and defence business. [107] On 10 October 2017, BAE announced that it would lay off nearly 2,000 out of its approximately 35,000 employees in Britain, mainly due to an order shortage for the Typhoon fighter. The non-executive directors are Harriet Green, Chris Grigg, Nick Rose, Paula Rosput Reynolds, Ian Tyler, Revathi Advaithi and Elizabeth Corley. It's quiet operation and relatively low fuel consumption allows it to operate in small airports with noise restrictions and this aircraft is quite popular with many airlines. [64] On 22 December 2006 BAE received a £947 million contract to provide guaranteed availability of Royal Air Force (RAF) Tornados. Své ředitelství měla ve Warwick House ve Farnborough Aerospace Centre ve městě Farnborough, Hampshire. British Aerospace (aerospace manufacturer) headquarters location : Farnborough , United Kingdom inception : 29 April 1977 - dissolution : 30 November 1999 [24] The first stage of this integration was seen as the transformation of Airbus from a consortium of British Aerospace, DASA, Aérospatiale and Construcciones Aeronáuticas SA into an integrated company; in this aim British Aerospace and DASA were united against the various objections of Aérospatiale. Manufacture of an improved version known as the Avro RJ began in 1992. [37] Between 2008 and early 2011 BAE acquired five cybersecurity companies in a shift in strategy to take account of reduced spending by governments on "traditional defence items such as warships and tanks". [75], Despite repeated suggestions as early as 2000 that BAE Systems wished to sell its 20% share of Airbus, the possibility was denied by the company. [70] The MoD awarded BAE Systems a 15-year munitions contract in August 2008 worth up to £3 billion, known as Munition Acquisition Supply Solution (MASS). As of October 2009 SBAC merged with the Defence [63] One of BAE Systems' major aims, as highlighted in the 2005 Annual Report, was the granting of increased technology transfer between the UK and the US. Following the 2008 Oslo Convention on Cluster Munitions BAE Systems was among the first defence contractors to stop their manufacture[196][197] and by 2012 the majority of the munitions had been destroyed. [6][7] Its largest operations are in the United Kingdom and United States, where its BAE Systems Inc. subsidiary is one of the six largest suppliers to the US Department of Defense. £270 million c. 2007) in March 2007. [135] BAE Systems' interests in Sweden are a result of the purchases of Alvis Vickers and UDI, which owned Hägglunds and Bofors respectively; the companies are now part of BAE Systems AB. [34], BAE Systems' first annual report identified Airbus, support services to militaries and integrated systems for air, land and naval applications as key areas of growth. Importantly, US investment in research and development is significantly higher than in Western Europe. [83][84][85], BAE Systems inherited British Aerospace's 35% share of Saab AB, with which it produced and marketed the Gripen fighter aircraft. Using a modification of the HS 748 freight door, the ATPF can carry 30% more cargo than its predecessor with a 10% increase in running costs. BAE Systems is listed on the London Stock Exchange's FTSE 100 Index. [81] It was outbid by Oshkosh Corporation for the £2.3 billion ($3.7 billion) contract. By the time it entered the market, the segment was already well represented by designs such as the de Havilland Canada Dash 8, ATR 42 and ATR 72 and produ [109], In November 2020, the MoD announced the award of a 20 year, £2.4 billion munitions contract to BAE. [8] The company was formed on 30 November 1999 by the £7.7 billion purchase and merger of Marconi Electronic Systems (MES)—the defence electronics and naval shipbuilding subsidiary of the General Electric Company plc (GEC)—by British Aerospace, an aircraft, munitions and naval systems manufacturer. [48], The UK government, following a cabinet row described as "one of the most bitter Cabinet disputes over defence contracts since the Westland helicopter affair in 1985", ordered 20 BAE Hawk trainer aircraft with 24 options in July 2003 in a deal worth £800 million. Data from Jane's All the World's Aircraft, 1988–1989[5], Aircraft of comparable role, configuration, and era, Regional airliner produced by British Aerospace, Learn how and when to remove this template message, "British-Aerospace BAe-ATP Production List", "Type Certificate Data Sheet No. Predecessor companies built the Comet, the world's first commercial jet airliner; the Harrier "jump jet", the world's first operational Vertical/Short Take-Off and Landing (VTOL) aircraft; the "groundbreaking" Blue Vixen radar carried by Se… Reflects £750 million charges for problems with Nimrod MRA4 (£500 million) and. The company received a £116 million contract for the refurbishment of the ships prior to delivery;[180] however the British taxpayer only received the scrap value of £100,000 each from the sale. [204], "BAE" redirects here. [167] The termination of the investigation has been controversial. "[200] The chairman of BAE Systems, Sir Roger Carr, rejected criticism over BAE's continued work in Saudi Arabia, saying "We will stop doing it when they tell us to stop doing it. [8] It is the biggest manufacturer in Britain. [59] On 31 January 2006 the company announced the sale of BAE Systems Aerostructures to Spirit AeroSystems, Inc,[60] having said as early as 2002 that it wished to dispose of what it did not regard as a "core business". The DH.125 design was for a low-winged monoplane with a pressurised fuselage accommodating two pilots and six passengers. Despite "considerable expressions of interest", the sale was abandoned in January 2011. [137][138] In addition to its central London offices, it has an office in Farnborough, Hampshire, that houses functional specialists and support functions.[139]. The Business said he considered this "competition-policy gone mad". Like the AV-9, it also has a detachable module for a variety of uses. [26] A merger was agreed between British Aerospace chairman Richard Evans and DASA CEO Jürgen Schrempp. [145] On 16 October 2007 the company announced that Mike Turner would retire in August 2008. It stated that representations to its Director and the Attorney General Lord Goldsmith had led to the conclusion that the wider public interest "to safeguard national and international security" outweighed any potential benefits of further investigation. By the time it entered the market, the segment was already well represented by designs such as the de Havilland Canada Dash 8, ATR 42 and ATR 72 and production was ended after only 65 examples. [9] As a result, BAE Systems is the successor to many of the most famous British aircraft, defence electronics and warship manufacturers. 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