[214] In 2016 its political action committee (PAC) contributions were the second largest of any foreign corporation after UBS. This will see BAE manufacture 39 different munitions for the UK armed forces and supersedes the 2008 MASS contract. BAE Systems described 2001 as an "important year" for its European joint ventures, which were reorganised considerably. All rights reserved, S172(1) statements and corporate governance statements, BAE Systems & MBDA collaborate to support nations GWEO capability, Congratulations Callum! Complete this form if you would like to transfer some or all of your shares to another person. The finding stated that "in the past BAE did not pay sufficient attention to ethical standards in the way it conducted business", and was described by the BBC as "an embarrassing admission". Application for the White ASIC is undertaken [169] On 5 February 2010, BAE Systems agreed to pay criminal fines of 257 million (US$400 million) to the US and 30 million to the UK. [152] The Business reported that Weston was ousted when non-executive directors informed the chairman that they had lost confidence in him. [208], Saudi Arabia is BAE's third biggest market. 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". The Times stated that the decision brought "to an end its controversial relationship with the Gripen fighter aircraft". Complete this form if you would like to have your dividends paid directly . [202][203] In February 2007, it was reported that the corporation had again obtained private confidential information from CAAT. [104] The Guardian reported that this was due to the German Government's concern about the "potential size of the French shareholding in the combined company, as well as disagreements over the location of the group's headquarters". The company's Typhoon fighter is one of the main front line aircraft of the RAF. [193][194] The sale was criticised by several opposition MPs and the World Bank;[195] Secretary of State for International Development Clare Short declared that BAE Systems had "ripped off" developing nations. [60][61], On 4 June 2004, BAE Systems outbid General Dynamics for Alvis Vickers, the UK's main manufacturer of armoured vehicles. The company received a 116million contract for the refurbishment of the ships prior to delivery;[191] however the British taxpayer only received the scrap value of 100,000 each from the sale. [216], Coordinates: .mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}511625N 04600W / 51.27361N 0.76667W / 51.27361; -0.76667. Shareholder form - BAE Systems. [136] Lord Levene said in the balance between value for money or maintaining a viable industrial base the DIS "tries as well as it can to steer a middle course and to achieve as much as it can in both directions. Copyright 2017 BAE Systems. I'm at college in Peterborough with the final 12 months of training taking place at RAF Cottesmore Marconi's heritage dates back to Guglielmo Marconi's Wireless Telegraph & Signal Company, founded in 1897. [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. In 2007 the government announced it had agreed to release BAE Systems from ten of the undertakings due to "a change in circumstances". Disclosure would harm both international relations and the UK's commercial interests. We will never have a perfect solution. These figures exclude the contribution of Airbus UK. Reporting the appointment of George Simpson as GEC managing director in 1996, The Independent said "some analysts believe that Mr Simpson's inside knowledge of BAe, a long-rumoured GEC bid target, was a key to his appointment. You can view the different types of. interviews, are part of the vetting process which enables the Australian Government Security Vetting Agency to make an informed assessment of your suitability for a security clearance. Introduced in 1988, the evolution of our full authority digital engine controls began with the development of the FADEC 1 - designed to accommodate multiple Boeing and Airbus commercial platforms. All reasonable steps will be taken to avoid harm or loss to any member of BAE Systems' workforce who is unable to work on a project requiring access to ITAR controlled material. [166] In June 2007 Lord Woolf was selected to lead what the BBC described as an "independent review. [an] ethics committee to look into how the defence giant conducts its arms deals". This page tells HM Passport Office staff what dual nationality is and what to do if the customer is a dual national. "[135], After the publication of the DIS BAE Systems CEO Mike Turner said "If we didn't have the DIS and our profitability and the terms of trade had stayed as they were then there had to be a question mark about our future in the UK". The non-executive directors are Chris Grigg, Ewan Kirk, Ian Tyler, Nicole Piasecki, Stephen Pearce, Jane Griffiths, Nick Anderson, Carolyn Fairbairn, Crystal E. Ashby, and Elizabeth Corley. [81], 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. [49][50], In June 2002, BAE Systems confirmed it was in takeover discussions with TRW, an American aerospace, automotive and defence business. In 2001 Airbus was incorporated as Airbus SAS, a joint stock company. Credit: BAE Systems. The executive directors are Charles Woodburn (CEO), Brad Greve and Tom Arsenault. [89][90][91], BAE Systems inherited British Aerospace's 35% share of Saab AB, with which it produced and marketed the Gripen fighter aircraft. [29] The two companies envisaged including Arospatiale, the other major European aerospace company, but only after its privatisation. Dual nationality. A person with dual citizenship is a citizen of two countries at the same time, which has both advantages and disadvantages because it is a complex legal status. [39], BAE Systems inherited the UK government-owned "golden" share that was established when British Aerospace was privatised. [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. - Electronic warfare (EW) experts at BAE Systems will demonstrate a new dual-band towed decoy to help U.S. Navy F/A-18E/F jet fighter-bomber pilots avoid modern . 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. [158], Charles Woodburn succeeded Ian King as CEO on 1 July 2017. 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. The Financial Times described the sale as "cut price" because French company Thales bid 300million, but was blocked from purchasing Atlas by the German government on national security grounds. [189] 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. [184] The Times described the ruling as "one of the most strongly worded judicial attacks on government action" which condemned how "ministers 'buckled' to 'blatant threats' that Saudi cooperation in the fight against terror would end unless the investigation was dropped. BAE Systems agreed to acquire the group in July and completed its acquisition of AES on 27 November 2000. "[211] BAE Systems sold weaponry worth 17.6 billion to Saudi Arabia during the Yemen war. With access to on-site training, mentorship, and tuition reimbursement, you will be provided with the support you need to grow and thrive along the way. [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. [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. [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. 197million as of December 2010). [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. "[34] When GEC put MES up for sale on 22 December 1998, British Aerospace abandoned the DASA merger in favour of purchasing its British rival. BAE Systems, Inc. is the U.S. subsidiary of BAE Systems plc, an international defense, aerospace and security company which delivers a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and customer support services. [42] The review also confirmed the attractiveness of the land systems sector and, with two acquisitions in 2004 and 2005, BAE moved from a limited land systems supplier to the second largest such company in the world. [119] The company is a major partner in the F-35 Lightning II programme. [188], In September 2005 The Guardian reported that banking records showed that BAE Systems paid 1million to Augusto Pinochet, the former Chilean dictator. It is involved in several major defence projects, including the Lockheed Martin F-35 Lightning II, the Eurofighter Typhoon, the Astute-class submarine, and the Queen Elizabeth-class aircraft carriers. Another condition was the "firewalling" of former British Aerospace and MES teams on defence projects such as the Joint Strike Fighter (JSF). Phase 2 Woodburn joined BAE Systems in May 2016 as Chief Operating Officer and Executive Board Director following over 20 years' international experience in senior management positions in the oil and gas industry. [45] BAE Systems sold its 54% majority share of BAE Systems Canada, an electronics company, in April for CA$310 (approx. US$1.4billion c. On 30 March it once again began making large political contributions, including one to the National Republican Senatorial Committee. The latter provides counter fraud and anti-money laundering solutions to the global financial services industry where its software assists institutions to comply with regulations on financial intelligence and monitoring. The F-35 (JSF) programme became the focus of this effort, with British government ministers such as Lord Drayson, Minister for Defence Procurement, suggesting the UK would withdraw from the project without the transfer of technology that would allow the UK to operate and maintain F-35s independently. Persons may have dual nationality by automatic operation of different laws rather than by choice. [215] In January 2021 following the 2021 United States Capitol attack BAE Systems announced that it was suspending political donations in the US. Phone Number +4401252373232. Heavy fines and other significant penalties may be imposed on the US exporter and on BAE Systems if ITAR controlled material is shared with people of a nationality which has not been approved by the US State Department. More than 12,000 of our electric drive bus . We also manufacture ammunition and precision munitions as well as being a supplier of artillery systems and missile launchers, and precision imaging and targeting solutions. BAE Systems, major British manufacturer of aircraft, missiles, avionics, and other aerospace and defense products. [78] It continued this strategy with purchases of Danish cyber and intelligence company ETI for approximately $210million in December 2010, and Norkom Group PLC the following month for 217million. The Financial Times noted that King's career at Marconi distances him from the British Aerospace-led Al Yamamah project. Despite "considerable expressions of interest", the sale was abandoned in January 2011. 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