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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 ...
On 16 June 2003 BAE sold its 25% share of Astrium for £84 million, however due to the lossmaking status of the company, BAE Systems invested an equal amount for "restructuring". [41] BAE Systems sold its 54% majority share of BAE Systems Canada , an electronics company, in April for CA$310 (approx. £197 million as of December 2010). [ 42 ]
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In June 1998, GEC sold its share of the joint venture GEC-Alsthom on the Paris stock exchange. [1] In December 1999, GEC's defence arm, Marconi Electronic Systems (MES), was sold to British Aerospace, forming BAE Systems. The rest of GEC, mainly telecommunications equipment manufacturing, continued as Marconi Communications. [2]
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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]
Alvis Vickers in context of the evolution of the land systems division of BAE Systems, 1970s to Land & Armaments formation Alvis PLC was a British motor vehicle manufacturer. It was created when United Scientific Holdings plc acquired the Alvis division of the nationalised vehicle manufacturer British Leyland in 1981.
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 ]