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| October 26, 2006: |
BAE Systems announces retirement of Tom Rabaut; appointment of Linda Hudson as successor
Tom Rabaut, president of BAE Systems Land & Armaments, has announced his retirement at the end of the year, following a career that spanned more than 30 years in the military and the defense industry. |
| October 16, 2006: |
BAE Systems completes acquisition of National Sensor Systems
BAE Systems today completed its acquisition of Acton, Mass.-based National Sensor Systems following receipt of regulatory approval. With the $8.7 million cash transaction, BAE Systems adds advanced competencies in its remote sensing, photonics and laser communications technologies. |
| October 04, 2006: |
Extraordinary General Meeting – Result of Poll
At an Extraordinary General Meeting held earlier today, the shareholders of BAE Systems
passed a resolution approving the disposal of BAE Systems’ entire interest in Airbus. |
| September 13, 2006: |
2006 Interim Results
Highlights
- Sales1 up 21% at £8,214m
- EBITA2 up 39% at £788m, including £63m one-off accounting gain in the US
- Underlying earnings per share3 up 44% at 15.4p
- US businesses delivering good organic growth
- United Defense integration complete
- Good programme execution
- Airbus share sale recommended
- UK pension funding deficit addressed
- Interim dividend increased 10% to 4.4p
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| September 12, 2006: |
BAE Systems announces Executive Board changes
BAE Systems today announced the retirement of two executive directors. Michael Lester, Group Legal Director, and Mark Ronald, Chief Operating Officer, and President and Chief Executive Officer of BAE Systems Inc., will retire on 31 December 2006. |
| May 10, 2006: |
BAE Systems statement regarding Babcock International Group PLC
On 23 March 2006, BAE Systems and VT Group plc announced that they were engaged in exploratory discussions with respect to a potential joint acquisition of Babcock. These discussions have now ceased. Accordingly, BAE Systems confirms that it has no present intention of making an offer for Babcock. |
| March 30, 2006: |
BAE Systems awarded contract for information infrastructure system - FALCON
BAE Systems has been awarded a contract to provide the British Army with an information infrastructure system - FALCON, valued in excess of £200m, which is due to enter service in 2010. |
| March 27, 2006: |
Changes to the Board of BAE Systems
The Rt Hon Michael Portillo is standing down from the Board of BAE Systems at the conclusion of the Company’s AGM to be held on 4 May 2006. |
| March 23, 2006: |
BAE Systems notes recent rise in Babcock International Group share price
BAE Systems plc has noted the recent rise in the share price of Babcock International Group PLC. BAE Systems plc and other major naval contractors have recognised for some time that a restructuring of the UK naval surface ship and submarine sectors would be to the benefit of both the Ministry of Defence and industry. A number of exploratory discussions have therefore taken place between industry participants about potential business combinations. Furthermore, the Defence Industrial Strategy, set out in the Defence White Paper published in December 2005, clearly stated HMG’s view that there is need for consolidation of the UK’s Maritime Industrial Base. |
| February 23, 2006: |
Preliminary Results 2005
Highlights
- Delivering US growth strategy
- Global land systems business established
- Programmes business profitability and risk profile improved
- Growth from UK MoD partnered support
- European business portfolio restructuring
- Strong Airbus order intake
- Strong operating cash flow
- Underlying earnings per share4 up 29.3% at 22.5p
- Dividend increased 8.4% to 10.3p per share for the year
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