BAE Systems
BAE Systems is a British multinational defense, security, and aerospace company, headquartered in London, UK. It is one of the largest global defense contractors and has a significant presence in several countries.
History
Operations and Products
- Defense: BAE Systems produces a wide array of defense products including combat vehicles, naval ships, military aircraft, and weapons systems. Notable products include the Eurofighter Typhoon and the F-35 Lightning II (in partnership with others).
- Security: The company provides cybersecurity solutions, intelligence and surveillance systems, and advanced electronic systems for both government and commercial clients.
- Aerospace: BAE Systems is involved in commercial aviation through the manufacturing of aircraft components and systems, including wings for Airbus planes.
Corporate Structure
- Subsidiaries: BAE Systems operates through several subsidiaries worldwide, such as BAE Systems Hägglunds in Sweden and BAE Systems Australia.
- Joint Ventures: The company has numerous joint ventures, including with MBDA for missile systems.
Recent Developments
- Restructuring: In recent years, BAE Systems has undertaken various restructuring efforts to streamline operations and focus on high-growth areas like cyber security.
- Acquisitions: The company continues to grow through strategic acquisitions, such as the acquisition of Ball Aerospace in 2022, enhancing its capabilities in space systems.
Controversies and Criticism
- Corruption Allegations: BAE Systems has faced multiple allegations of corruption, notably in its dealings with Saudi Arabia, leading to investigations and fines.
- Environmental Impact: The company's operations, particularly in manufacturing, have raised environmental concerns, with efforts to reduce carbon emissions and waste.
Sources
Related Topics