[69] 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. [199][200] The Gripen's procurement by the Czech Republic was also under investigation by the SFO in 2006 over allegations of bribery. BAC comprised the aviation interests of the companies that formed it, and wholly owned Hunting Aircraft. As such, many of our available positions require a security clearance. Identifying the nationality of all personnel who will have access to the controlled material; Disclosing to the US exporter the nationality of all personnel who will have access to the controlled material; and. [205], In 2003, BAE Systems was criticised for its role in the production of cluster bombs, due to the long term risk for injury or death to civilians. 5 months ago. The merger of British Aerospace and MES was announced on 19 January 1999. Persons may have dual nationality by automatic operation of different laws rather than by choice. BAE Systems continues to protect all of its applicants, employees and contractors against unlawful discrimination and has put in place a number of processes, procedures and training materials to ensure its compliance with the Exemptions and with other equal opportunity and anti-discrimination legislation in Australia. At BAE Systems, we provide some of the world's most advanced, technology-led defence, aerospace and security solutions. [93] In September 2010 BAE Systems announced plans to sell the Platform Solutions division of BAE Systems Inc., which the Financial Times estimated could yield as much as 1.3billion. [10] As of 2017, it is the biggest manufacturer in Britain. [196][197], In January 2007, details of an investigation by the SFO into BAE Systems' sales tactics in regard to South Africa were reported, highlighting the 2.3billion deal to supply Hawk trainers and Gripen fighters as suspect. for you to access the ITAR controlled material. Sustainability Review Latest Reports [31] As well as Airbus, British Aerospace and DASA were partners in the Panavia Tornado and Eurofighter Typhoon aircraft projects. Another condition was the "firewalling" of former British Aerospace and MES teams on defence projects such as the Joint Strike Fighter (JSF). BAE is the successor to various aircraft, shipbuilding, armoured vehicle, armaments and defence electronics companies. Roe and Company, one of the world's first aircraft companies; de Havilland, manufacturer of the Comet, the world's first commercial jet airliner; Hawker Siddeley, manufacturer of the Harrier, the world's first VTOL attack aircraft; British Aircraft Corporation, co-manufacturer of the Concorde supersonic transport; Supermarine, manufacturer of the Spitfire; Yarrow Shipbuilders, builder of the Royal Navy's first destroyers; Fairfield Shipbuilding and Engineering Company, builder of the world's first battlecruiser; and Vickers Shipbuilding and Engineering, builder of the Royal Navy's first submarines. Government owned from 1966 to liquidation. BAE Systems plc is one of the world's leaders in designing, producing and marketing defense and aerospace systems and equipment. 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. [131] These competition rules were introduced by Lord Levene during the 1980s to shift the burden of risk to the contractor and were in contrast to "cost plus contracts" where a contractor was paid for the value of its product plus an agreed profit. [125], BAE Systems is indirectly engaged in production of nuclear weapons through its share of MBDA it is involved with the production and support of the ASMP missile, an air-launched nuclear missile which forms part of the French nuclear deterrent. Complete this form if you would like to have your dividends paid directly into your UK bank or building society account, or you have recently changed your UK bank or building society account.For overseas bank accounts, refer to the Shareview website. It was formed in 1999 from the merger of British Aerospace PLC (BAe) with Marconi Electronic Systems, formerly part of General Electric Company PLC. [85] This saw the end of UK-owned involvement in civil airliner production. [209] The Independent reported that BAE-supplied aircraft were used to bomb Red Cross and MSF hospitals in Yemen. English Electric Aircraft, a subsidiary of the English Electric Company. [18] Both BAC and Hawker Siddeley were themselves the result of various mergers and acquisitions. Disclosure would harm both international relations and the UK's commercial interests. [35] Evans stated that in 2004 that his fear was that an American defence contractor would acquire MES and challenge both British Aerospace and DASA. Recognising the lack of scale of this business compared to General Dynamics, BAE Systems executives soon identified the US defence company United Defense Industries (UDI), a major competitor to General Dynamics, as a main acquisition target. Merger discussions began between British Aerospace and DASA in July 1998, just as French participation became more likely with the announcement that Arospatiale was to merge with Matra and emerge with a diluted French government shareholding. "[137], The attraction of MES to British Aerospace was largely its ownership of Tracor, a major American defence contractor. Headquartered inSee this and similar jobs on LinkedIn. [21] Between 1945 and 1999, GEC-Marconi/Marconi Electronic Systems became one of the world's most important defence contractors. This will see BAE manufacture 39 different munitions for the UK armed forces and supersedes the 2008 MASS contract. [26], The 1997 merger of American corporations Boeing and McDonnell Douglas, which followed the forming of Lockheed Martin, the world's largest defence contractor in 1995, increased the pressure on European defence companies to consolidate. In the case of arms exports to Saudi Arabia . [51] On 19 February 2003 BAE took a charge of 750million against these projects and the Ministry of Defence (MoD) agreed to pay a further 700million of the cost. The company has described the rationale for expansion in the US; "[it] is by far the largest defence market with spend running close to twice that of the Western European nations combined. Dual nationality. [62] Alvis Vickers was merged with the company's RO Defence unit to form BAE Systems Land Systems. [174], Both BAE Systems and its predecessor (BAe) have long been the subject of allegations of bribery in relation to its business in Saudi Arabia. The purchase was completed on 27 June for A$775million (373million) making BAE Systems Australia that country's largest defence contractor. In November 2001 BAE sold its 49.9% share of Thomson Marconi Sonar to Thales for 85million. It is intended to enter service from 2035 replacing the Typhoon aircraft in service with the RAF. [83] 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. We are proud to be an Equal Opportunity Employer, making decisions without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, marital status, national origin, age, veteran status, disability, or any other protected class. [145] BAE Systems' interests in Sweden are a result of the purchases of Alvis Vickers and UDI, which owned Hgglunds and Bofors respectively; the companies are now part of BAE Systems AB. [97] In September 2011, BAE Systems began consultation with unions and workers over plans to cut nearly 3,000 jobs, mostly in the company's military aircraft division. [208], Saudi Arabia is BAE's third biggest market. All rights reserved, S172(1) statements and corporate governance statements, BAE Systems & MBDA collaborate to support nations GWEO capability, Congratulations Callum! [173] On 2 March 2010, Campaign Against Arms Trade (CAAT) and Corner House Research were successful in gaining a High Court injunction on the SFO's settlement with BAE Systems; however in April 2010 the two organisations withdrew their application for a judicial review. [33], Meanwhile, GEC was also under pressure to participate in defence industry consolidation. [124], Major naval projects include the Astute-class submarines, Type 26 frigates and Dreadnought-class submarines. [15][82] However, on 6 April 2006 it was reported that it was indeed to sell its stake, then "conservatively valued" at 2.4billion. [57] However the difficulties of integrating the companies in this way led to a re-evaluation of the proposal; BAE Systems' 2004 Annual Report states that "recognising the complexity of the earlier proposed Eurosystems transaction with Finmeccanica we have moved to a simpler model". H eadquartered inSee this and similar jobs on LinkedIn. [126] 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. Up to 70,000-75,000 (bonus, overtime & good pension) Context. Break into aerospace and defense at BAE Systems. BAE BAE are manufactures of high end microphone preamp/equalizers faithful to vintage designs of the seventies and before. For other uses, see, Timeline of British aerospace companies since 1955, Modern timeline of British shipbuilding companies, 1960present. To authorise the export of controlled material, the US Government requires that the licence and access conditions are precisely stated, including: In particular, BAE Systems has to ensure that unauthorised re-export or re-transfer of the controlled material does not occur, for example by disclosure to a person of a nationality not identified and authorised in the relevant licence, Copyright 2022 BAE Systems. [177] On 14 December 2006 it was announced that the SFO was "discontinuing" its investigation into the company. It was understood that General Dynamics wished to acquire the submarine building facilities at Barrow-in-Furness, while VT Group was said to be interested in the remaining yards on the Clyde. Holding dual nationality can be a complicated legal status and its benefits depend on the relative two countries. [130], After its creation, BAE Systems had a difficult relationship with the MoD. [19], 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. ", "The parallel universe of BAE: covert, dangerous and beyond the rule of law", "Security experts admit China stole secret fighter jet plans", "Most of Britain's cluster bomb stockpile has been destroyed, say activists", BAE Says Islamic State War Is Call to Arms for Weapons-Maker, Theresa May should expel Saudi Arabia from the UN Human Rights Council, but that's not enough to absolve the UK, BAE chairman to peace activists: 'weapons sales encourage peace', "DECLASSIFIED UK: BAE Systems sold weaponry worth 17.6bn to Saudis during Yemen war", "The firm with a 'back door key to Number 10', "Donations to US election candidates linked to British companies", "Foreign-connected PACs spent $10 million on the US election so far", "Defense firms quietly resume political giving after post-insurrection pause", Port Victoria Marine Experimental Aircraft Depot, Defence Electronics and Components Agency, Defence Science and Technology Laboratory, https://en.wikipedia.org/w/index.php?title=BAE_Systems&oldid=1142180953, Aerospace companies of the United Kingdom, Aircraft manufacturers of the United Kingdom, Companies listed on the London Stock Exchange, Electronics companies of the United Kingdom, Manufacturing companies established in 1999, Manufacturing companies of the United Kingdom, Short description is different from Wikidata, Wikipedia indefinitely move-protected pages, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 28 February 2023, at 23:43. British citizens who hold dual nationality are in principle eligible for employment by the Ministry of Defence and its defence contractors subject to achieving the appropriate level of security clearance. [54], 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 800million. The new company will provide comprehensive cooperation with Japanese industry and aims to strengthen relations with the Japanese Ministry of Defence and the Self-Defence Force. [147], As of 21 February 2018 BAE Systems listed the following as "significant" shareholders: Axa and its group of companies 5.00%, Barclays 3.98%, BlackRock 5.00%, Capital Group Companies 10.11%, Franklin Templeton Investments and affiliates 4.92%, Invesco 4.97% and Silchester International Investors 3.01%. Where possible, we would encourage you to submit your vote electronically, however, if you hold shares in your own name directly on the register of members and/or through SharePort, the corporate nominee, and do require a copy of the proxy, it can be downloaded opposite.Once printed, please complete your proxy in the usual way in accordance with the instructions thereon, however, please ensure you also add your full name, post code and shareholder reference number if known. On 16 June 2003 BAE sold its 25% share of Astrium for 84million, however due to the lossmaking status of the company, BAE Systems invested an equal amount for "restructuring". [92], The company continued its move into support services in May 2010 with the purchase of the marine support company Atlantic Marine for $352million. Oxford Economic Forecasting states that in 2002 the company's UK businesses employed 111,578 people, achieved export sales of 3billion and paid 2.6billion in taxes. 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