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Home icon Home News and Presentations Financial News  2004
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2004
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December 10, 2004: EADS and BAE SYSTEMS give go ahead for Airbus to offer the A350
EADS and BAE SYSTEMS have given the go ahead for Airbus to offer a new member of its wide-body family to airlines around the world.
December 10, 2004: Major order for Land Systems Hägglunds
BAE Systems Land Systems Hägglunds has won a 749 million euro (approx £500m) order from the Netherlands for its CV90 armoured vehicle.
December 06, 2004: Progress on Eurofighter Typhoon agreement underpins BAE Systems outlook
BAE Systems has made good progress towards securing a way forward for the Eurofighter Typhoon programme.
October 20, 2004: BAE SYSTEMS And Finmeccanica Agree Revised Eurosystems Transaction
BAE Systems and Finmeccanica have agreed in principle a revised structure for the Eurosystems transaction.
September 28, 2004: BAE SYSTEMS agrees to acquire Alphatech
Acquisition will expand company’s capabilities in Image and Signal Processing, Intelligence Fusion, and Information-based National Security Systems.
September 13, 2004: BAE SYSTEMS agrees to acquire DigitalNet
BAE Systems plc announces that its wholly-owned U.S. subsidiary, BAE Systems North America, has entered into a definitive merger agreement to acquire DigitalNet Holdings Inc.
September 09, 2004: BAE SYSTEMS Interim Results 2004
Highlights
  • Programmes business continues to be stabilised
    • benefiting from elimination of excessive risk
    • progress towards establishing a way forward for Typhoon
  • Customer Solutions & Support addressing UK growth opportunities
  • Land sector position strengthened with acquisition of Alvis plc
  • North America delivering growth and new technology business wins
  • Airbus performing well – outlook improving
  • Cash flow outlook good for the second half of the year
  • Earnings per share2 up 22% at 8.8p
July 08, 2004: BAE Systems to purchase Practical Imagineering, Inc.
BAE Systems North America today reached a definitive agreement with Practical Imagineering, Inc., (PI) to purchase all of the stock of the company for $8.3 million in cash.
July 01, 2004: BAE Systems to purchase Boeing Commercial Electronics
ROCKVILLE, Md. -- BAE Systems North America today announced it has reached a definitive agreement to acquire Boeing’s Commercial Electronics unit, a developer and producer of avionics products and systems for commercial aircraft. The acquisition of the Commercial Electronics unit, which employs about 800 people at facilities in Irving, Texas, and Everett, Wash., will increase BAE Systems’ already significant presence in commercial aircraft subsystems.
June 03, 2004: Recommended cash offer for Alvis plc by Goldman Sachs International on behalf of BAE SYSTEMS plc and (in the US) by BAE SYSTEMS
The boards of BAE SYSTEMS plc (“BAE SYSTEMS”) and Alvis plc (“Alvis” or the “Company”) announce that they have agreed to the terms of a recommended cash offer for the entire issued and to be issued share capital of Alvis, other than those Alvis Shares which BAE SYSTEMS already holds, to be made by Goldman Sachs International on behalf of BAE SYSTEMS outside the United States, and by BAE SYSTEMS in the United States (“the Offer”).
May 10, 2004: BAE SYSTEMS North America completes acquisition of STI Government Systems
BAE Systems North America today completed its acquisition of Honolulu-based STI Government Systems following receipt of regulatory approval. The $27 million cash transaction complements BAE Systems technology in photonics, information technologies and systems integration.
March 24, 2004: BAE SYSTEMS appoints new Chairman
The Board of BAE Systems plc has agreed that Dick Olver will be appointed a non-executive Director of the Company on 17 May 2004 and will succeed Sir Richard Evans as Chairman on 1 July 2004.
March 22, 2004: BAE Systems and Finmeccanica achieve an important milestone in the Eurosystems transaction
BAE Systems and Finmeccanica are pleased to announce that they have achieved an important milestone in the Eurosystems transaction.
February 26, 2004: BAE SYSTEMS Preliminary Results Announcement 2004
Good sustained underlying growth is anticipated across the company's operations in North America and in International Partnerships with some recovery in the Avionics business. The performance of the Programmes business is expected to continue to be restrained with some UK MoD production programmes still in early phases of maturity. Margins in Customer Solutions & Support are likely to continue to trend downwards. Overall, underlying performance of the company's defence businesses in 2004 is expected to be slightly ahead of 2003.



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