| December 15, 2005: |
BAE Systems welcomes publication of Defence Industrial Strategy
BAE Systems welcomes today the publication of the Defence Industrial Strategy for the United Kingdom. The Defence Industrial Strategy paper, published following consultation with industry, recognises the skills and capabilities that will be needed to equip and support the UK armed forces and ensure the defence industry remains a world-leading sector.
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| December 14, 2005: |
BAE Systems and the Aircraft Carrier Alliance
As a member of the Aircraft Carrier Alliance, BAE Systems will be responsible for the leadership of the overall CVF design. This will include definition and implementation of end to end engineering processes in addition to responsibility for the overall specification and requirements for the two ships.
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| November 28, 2005: |
BAE Systems Inc. appoints new board members
BAE Systems Inc., today announced the appointment of Gen. J.H. Binford Peay, III (U.S. Army, Ret.) and Adm. Robert Natter (U.S. Navy, Ret.) to its Board of Directors. Both are former directors of United Defense, which was acquired by BAE Systems in June. |
| November 16, 2005: |
BAE Systems announces closure of facility at Lochside, Edinburgh
BAE Systems announced today that it will close its facility at Lochside, Edinburgh, in 2006, with the potential loss of up to 260 jobs. The decision to close the engineering and product development facility is driven by a defence market environment that provides fewer opportunities for the large, customer-funded development projects that have historically sustained the business. |
| November 10, 2005: |
BAE Systems Counter-MANPADS JETEYE™ system takes flight on commercial airliner for Department of Homeland Security
BAE Systems today achieved a major milestone in the U.S. Department of Homeland Security’s (DHS) Counter-MANPADS Program with the first flight of its laser-based infrared countermeasures system on a commercial airliner. The successful flight took place at Fort Worth Alliance Airport.
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| October 31, 2005: |
BAE Systems announces outcome of strategic review
BAE Systems has, since 2004, been reviewing the cost base and industrial footprint of its Land Systems Munitions business in order to develop plans for a long-term sustainable future. |
| October 06, 2005: |
BAE SYSTEMS chief executive welcomes Airbus A350 launch
BAE Systems chief executive Mike Turner has today welcomed the industrial launch of the Airbus A350 airliner, as a development which will help preserve and protect high-value design and manufacturing expertise in the United Kingdom.
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| September 13, 2005: |
Astute Class submarine programme firmly on track
BAE Systems submarine manufacturing facility at Barrow-in-Furness, the prime contractor for the Astute Class of submarine, is on track to deliver the first of Royal Navy’s advanced nuclear submarines by August 2008. |
| September 13, 2005: |
Nimrod development gathers pace
Development of the new BAE Systems Nimrod MRA4 continues to gather pace with a third development aircraft (PA03) now flying as part of the test fleet.
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| September 13, 2005: |
BAE SYSTEMS strategy underlined by Land Systems orders success
BAE Systems has seen a series of early contract wins for its newly established Land and Armaments business, which together underline the successful rollout of its Land Systems strategy. |
| September 07, 2005: |
BAE SYSTEMS appoints two new non-executive Directors
The Board of BAE Systems plc has appointed Philip J. Carroll Jr. and Roberto Quarta as non-executive Directors of the Company with effect from today, 7 September 2005. |
| September 07, 2005: |
2005 Interim Results
Highlights
Strategy delivering
- unrivalled transatlantic defence position
- global land systems business
- recovery of UK programmes
- progress on European restructuring
Strong operating performance
- sales up 13.6%
- EBITA up 20.4%
- underlying earnings per share up 39%
- record order book
Return to growth confirmed
|
| August 17, 2005: |
BAE SYSTEMS' F-35 JSF Electronic Warfare system passes flight tests
BAE Systems has successfully completed the first flight test of its Electronic Warfare (EW) system for the F-35 Joint Strike Fighter (JSF) aircraft |
| July 28, 2005: |
BAE SYSTEMS awarded Advanced Demonstration Phase of SHAMAN
BAE Systems has been awarded the contract for the Advanced Demonstration Phase of SHAMAN. This is the first stage of the £140m ISTAR programme to provide the Royal Navy with its next generation Communications Electronic Support Measures (CESM) capability. The programme encompasses the supply of the CESM systems, their installation on multiple platforms, along with the training and through life support over a 20+year period |
| July 13, 2005: |
BAE Systems chairman calls for improved technology-sharing between US and UK
Dick Olver, chairman of BAE Systems, the UK’s biggest engineering and manufacturing company and a major defence equipment supplier to both the UK and US governments, has called for improvements in the sharing of design and engineering data between project teams on both sides of the Atlantic.
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| July 05, 2005: |
BAE SYSTEMS down-selected as preferred supplier for FALCON
BAE Systems has been down-selected as preferred supplier for the first increment of the FALCON information infrastructure programme.
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| June 27, 2005: |
BAE SYSTEMS receives orders worth $1.127 billion to remanufacture and upgrade Bradley Combat System vehicles
BAE Systems has been awarded a series of delivery orders and contract modifications worth $1.127 billion from the U.S. Army Tank-automotive and Armaments Command (TACOM) to remanufacture and upgrade more than 500 Bradley Combat System vehicles. |
| June 24, 2005: |
BAE SYSTEMS completes acquisition of United Defense Industries; creates global land systems enterprise
BAE Systems, one of the world’s leading aerospace and defence companies, today completed its acquisition of United Defense Industries Inc (United Defense), after receiving all shareholder and regulatory approvals. The Company announced it had entered into a definitive merger agreement to acquire United Defense on 7 March 2005 in a transaction valued at US$4.192 billion, [£2.25 billion]. |
| June 16, 2005: |
BAE SYSTEMS appoints new non-executive Director
The Board of BAE Systems plc has appointed Peter Weinberg as a non-executive Director of the Company with effect from today, 16 June 2005.
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| May 17, 2005: |
BAE SYSTEMS celebrates F-35 aft fuselage delivery
SAMLESBURY, England, May 17, 2005 – BAE Systems today celebrated the on-time delivery of the first F-35 Joint Strike Fighter (JSF) aft fuselage, representing a major milestone in the F-35 Programme, and progressing manufacturing and assembly of the first F-35 towards first flight in 2006.
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| April 29, 2005: |
Completion Of Eurosystems transaction
Further to the announcement on 28 January 2005, BAE Systems plc ("BAE Systems") announces the completion of the EuroSystems transaction agreed with Finmeccanica SpA ("Finmeccanica").
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| April 28, 2005: |
Transition to International Financial Reporting Standards
Highlights:- Underlying earnings per share for 2004 up 2.2%
to 18.4p compared to the figure announced in February. - The guidance for 2005 results stated at the February
Preliminary Announcement under UK GAAP remains
unchanged under IFRS - No effect on the group’s trading cash flows.
- ‘Underlying profits’ to be used as key measure
of operating performance with some redefinition. - Pension deficit and Regional Aircraft assets and
related debt now included on Balance Sheet.
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| April 26, 2005: |
BAE SYSTEMS successfully demonstrates WolfPack
NASHUA, N.H. -- BAE Systems recently completed its final demonstration of the current phase of the WolfPack program to the Defense Advanced Research Projects Agency (DARPA) and other government officials at the Fallon Range Training Complex in Nevada. |
| March 24, 2005: |
BAE SYSTEMS awarded $834 million contract for lightweight howitzer
WASHINGTON -- BAE Systems has been awarded an $834 million dollar contract for full-rate production of the M777A1 howitzer. The M777A1 is a lightweight 155mm howitzer and a critical fire support component of U.S. Marine Air Ground Task Forces and U.S. Army Stryker Brigade Combat Teams.
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| February 24, 2005: |
Preliminary Results 2004
Highlights
- Programmes business outlook improving
- benefiting from elimination of excessive risk
- new commercial agreement for Typhoon signed
- Customer Solutions & Support addressing UK growth opportunities
- Land sector position strengthened with acquisition of Alvis plc
- North America delivering good growth
- Airbus performing well – outlook improving
- Strong cash flow
- Adjusted earnings per share up 8.4% at 18.0p
- Record order book
- Final dividend increased, making 9.5p per share for the year
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| January 27, 2005: |
BAE Systems and Finmeccanica sign EuroSystems transaction agreement
Further to the announcement on 20 October 2004, BAE Systems plc ("BAE Systems") announces that it has signed a definitive transaction agreement with Finmeccanica SpA ("Finmeccanica") in relation to the EuroSystems transaction. |
| January,11 2005: |
EADS and BAE SYSTEMS welcome US and EU commitment to negotiation
Amsterdam/London, 11 January 2005 - EADS CEOs Philippe Camus and Rainer Hertrich and BAE Systems CEO Mike Turner welcomed the announcement by European Trade Commissioner Peter Mandelson to have agreed with the US to proceed with negotiations on a new agreement for government funding for aviation programmes. |
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