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BAE Industries history
BAE Industries company history timeline
The company had emerged from the massive consolidation of UK aircraft manufacturers since World War II. British Aerospace was formed on 29 April 1977 by the nationalization and merger of The British Aircraft Corporation (BAC), the Hawker Siddeley Group and Scottish Aviation.
As early as 1995 British Aerospace and the German aerospace and defence company DaimlerChrysler Aerospace (DASA) were said to be keen to create a transnational aerospace and defence company.
Reporting the appointment of George Simpson as GEC managing director in 1996, The Independent had said "some analysts believe that Mr Simpson's inside knowledge of BAe, a long-rumoured GEC bid target, was a key to his appointment.
↑ Gray, Bernard; Skapinker, Michael (24 June 1997). "Giant waiting in the wings: Bernard Gray and Michael Skapinker ask if Europe's defence industry can consolidate in time to challenge US dominance". Financial Times.
A merger was agreed between British Aerospace chairman Richard Evans and DASA CEO Jürgen Schrempp in December 1998.
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.“
Companies established in 1999
In 2000 the company had taken a £300 million "loss charge" on the Nimrod contract which was expected to cover "all the costs of completion of the current contract".
Despite repeated suggestions as early as 2000 that BAE Systems wished to sell its 20% share of Airbus, the possibility was consistently denied by the company.
In November 2001 BAE sold its 49.9% share of Thomson Marconi Sonar to Thales for £85 million.
In 2001 Airbus was incorporated as Airbus SAS, a joint stock company.
↑ Odell, Mark (12 December 2002). "BAE warning sends share price to 7-year low: News of 'additional issues' on two big defence contracts takes market by surprise". Financial Times.
The deal was significant because it was a factor in India's decision to finalise a £1 billion order for 66 Hawks in March 2004.
↑ Hotten, Russell (20 March 2004). "Protests loom over Hawk deal with India". The Times.
↑ Warwick, Graham (6 June 2004). "Best of British; For years BAE Systems' identity was British, but with its investment in foreign markets increasing, change is just around the corner". Flight International.
↑ Dow, James (23 July 2004). "Edinburgh's first line of defence". The Scotsman.
2005) acquisition of UDI. UDI, now BAE Systems Land and Armaments, manufactures combat vehicles, artillery systems, naval guns, missile launchers and precision guided munitions.
↑ Leigh, David; Evans, Rob (15 July 2006). "Bribery inquiry may force £7m refund to Romania". The Guardian.
On 22 December 2006 BAE received a £947 million contract to provide guaranteed availability of Royal Air Force (RAF) Tornados.
↑ Baldwin, Tom (13 December 2006). "Britain in fighter deal with US". The Times.
On 7 May 2007 the company announced its subsidiary BAE Systems Inc. was to purchase Armor Holdings for £2.3 billion (approx.
Retrieved 12 September 2007. "during the Second World War it developed the cavity magnetron for radar"
↑ Jump up to: 151.0 151.1 Jagger, Suzy (19 May 2008). "BAE accused of being uncooperative with US investigators". The Times.
BAE Systems expanded its intelligence and security business with the £531 million purchase of Detica Group in July 2008.
BAE Systems revenue by division (2008).
↑ Allen, Paddy (1 October 2009). "Seven countries where BAE have been undec investigated – Bribing for Britain?". The Guardian.
↑ Jump up to: 72.0 72.1 "Preliminary Announcement and Presentation 2009". BAE Systems plc.
↑ Roland, Gribben (18 February 2010). "BAE takes £600m hit on lost trucks contract". London. http://www.telegraph.co.uk/finance/newsbysector/industry/defence/7245301/BAE-takes-600m-hit-on-lost-trucks-contract.html.
The company continued its move into support services in May 2010 with the purchase of the marine support company Atlantic Marine for $352 million.
↑ Jump up to: 164.0 164.1 Leigh, David (19 December 2010). "WikiLeaks cables: Tanzania official investigating BAE 'fears for his life'". The Guardian.
14 January 2011. http://www.baesystems.com/Newsroom/NewsReleases/autoGen_11101411115.html.
BAE Systems sold the regional aircraft lease portfolio and asset management arm of its BAE Systems Regional Aircraft business in May 2011.
↑ "Call for new South African arms deal investigation." BBC News, 17 June 2011.
In May 2012, BAE Systems was awarded a £328m contract to design the UK's next generation nuclear-armed submarines, by Ministry of Defence.[108]
The Sultanate of Oman ordered Typhoon and Hawk aircraft worth £2.5 billion in December 2012.
BAE Systems and the University of Nottingham Malaysia partner to tackle “missed risk” in money laundering 14 Mar 2022
BAE Systems' Robotic Technology Demonstrator strikes ground target with APKWS® laser-guided rocket 29 Jun 2022
BAE Systems wins contract to continue sustaining United States intercontinental ballistic missiles 27 Jun 2022
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Hatch Stamping | 1952 | $220.0M | 750 | - |
| fischer Automotive | - | $530,000 | 6 | 2 |
| JVIS USA | 1991 | $400.0M | 800 | 36 |
| Bayloff Stamped Products | 1948 | $27.0M | 100 | - |
| Milark Industries | 1988 | $32.7M | 350 | - |
| Summit Polymers | 1972 | $450.0M | 2,000 | 42 |
| MAP Of Easton | 1973 | $8.5M | 270 | 8 |
| Gill Industries | 1964 | $190.0M | 700 | - |
| Adac Plastics | 1975 | $600.0M | 3,000 | - |
| Truck Hero | 2007 | $1.1B | 1,353 | - |
BAE Industries history FAQs
Zippia gives an in-depth look into the details of BAE Industries, including salaries, political affiliations, employee data, and more, in order to inform job seekers about BAE Industries. The employee data is based on information from people who have self-reported their past or current employments at BAE Industries. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by BAE Industries. The data presented on this page does not represent the view of BAE Industries and its employees or that of Zippia.
BAE Industries may also be known as or be related to BAE Industries, BAE Industries, Inc. and Bae Industries, Inc.