In 2002 the renamed BAE Systems resold HK to a group of private investors, who created the German group holding company ( HK Beteiligungs-GmbH ).

In 2000, HK was contracted to refurbish the SA80 rifle ( AR-18 based also used in the G36 ) for the British Army, since at the time HK was a subsidiary of BAE Systems who had acquired Royal Ordnance Factory.

In addition, Vehicle Emergency Escape ( VEE ) windows, developed by BAE Systems are currently being fielded for use on the M1114 uparmored HMMWV, with 1, 000 kits ordered.

The U. S. military is currently evaluating a new form of protection, developed by BAE Systems as well as systems designed by the Army, which are already in theater.

* 1999 – British Aerospace agrees to acquire the defence subsidiary of the General Electric Company plc, forming BAE Systems in November 1999.

* 1999 – British Aerospace and Marconi Electronic Systems merge to form BAE Systems, Europe's largest defense contractor and the fourth largest aerospace firm in the world.

* BAE Systems Phoenix, unmanned air vehicle

Saab Military Aircraft and British Aerospace ( now BAE Systems ) formed in 1995 the joint venture company Saab-BAe Gripen AB, to manufacture, market and support Gripen internationally.

From 1998 until 2005 the largest shareholder in Saab was the British aerospace company BAE Systems, following its acquisition of a 35 % stake from Investor AB by its predecessor, British Aerospace.

In January 2005, BAE Systems reduced its shareholding to 20 %.

In March 2010, BAE Systems sold half of its 20 % stake in the company to Investor AB, which then became the major shareholder.

Category: BAE Systems

Although corruption allegations have often been limited to broad undocumented accusations, specific allegations were made in 2007, when it was claimed that the British defence contractor BAE Systems had paid Prince Bandar US $ 2 billion in bribes relating to the Al-Yamamah arms deal.

Patria Hägglunds, a joint venture between Finnish Patria and Swedish BAE Systems Hägglunds manufactures AMOS ( Advanced Mortar System ) which is a 120 mm automatic twin barrelled, breech loaded mortar turret.

During development at the University of Plymouth, in conjunction with BAE Systems and Sumitomo Precision Products, the iBot was nicknamed Fred Upstairs ( after Fred Astaire ) because it can climb stairs: hence the name Ginger, after Astaire's regular film partner, Ginger Rogers, for a successor product.

It balances with the help of dual computers running proprietary software, two tilt sensors, and five gyroscopic sensors developed by BAE Systems ' Advanced Technology Centre.

* United Kingdom: distributed in UK market by BAE Systems, the Segway is classified as a powered vehicle and subject to Road Traffic law, with the effect that, because the Segway is deemed not to meet the required safety standards, it is unlawful to use a Segway anywhere other than on private property with the owner's permission.

Under the terms of the Aircraft and Shipbuilding Industries Act BAC was officially nationalised in 1977 to become part of the British Aerospace group, which exists today in the guise of BAE Systems.

It remains in operation to this day as BAE Systems Submarine Solutions.

This Vickers name lived on in Alvis Vickers, until the latter was acquired by BAE Systems in 2004 to form BAE Systems Land Systems.

In 2007, the Marine Corps announced an intention to replace all HMMWVs in Iraq with MRAPs due to high loss rates, and issued contracts for the purchase of several thousand of these vehicles, which include the International MaxxPro, M-ATV, the BAE OMC RG-31, the BAE RG-33 and Caiman, and the Force Protection Cougar, which have been deployed with the Army and Marines primarily for mine clearing duties.

BAE announced in 2005 that development and export marketing of 2E would stop.

On March 7 2005 UK-based defence contractor BAE Systems announced it was to acquire UDI for $ 3. 974 billion (£ 2. 1 billion ).

BAE completed its acquisition of United Defense on June 24 2005 and announced plans to merge the company with its existing land systems businesses to form BAE Systems Land and Armaments.

On 26 June 2007 BAE announced that the United States Department of Justice had launched its own investigation into Al Yamamah.

Nonetheless, the RSAF announced its intention to purchase the Eurofighter Typhoon from BAE Systems in December 2005.

On the 17 September 2007 Saudi Arabia announced they had signed a £ 4. 4bn deal with BAE Systems for 72 Eurofighter Typhoons.

On January 28, 2005 BAE Systems and Finmeccanica announced the intention to dissolve their partnership in the AMS joint venture with AMS ' UK and Italian operations taken over by the respective partners as arranged through the Eurosystems Transaction.

In March 2008, BAE Systems announced to local residents that it began plans to demolish one of its derelict buildings at Esk Street.

In 2011, BAE Systems announced their Adaptiv infrared camouflage technology.

The relationship deteriorated over cost over-runs and delays to major procurement projects, for example BAE announced a shock profit warning in December 2002 related to two major projects, the Astute class submarine and the Nimrod MRA4.

On 15 October 2007 it was announced by BAE Systems that Turner would step down from his role in 2008.

On 14 April 2011, BAE Systems announced that the airfield is to close at the end of 2012 and were seeking to redevelop the site, an announcement which attracted local press attention and public debate involving various local groups.

The acquisition was as a major expansion of GEC's defence division, GEC-Marconi ( later Marconi Electronic Systems ), however seven months later GEC announced the demerger of Marconi Electronic Systems ( including the North American defence businesses ) which would then merge with British Aerospace ( BAe ) to form BAE Systems.

In July 2000 Lockheed announced the sale of this group to BAE Systems for $ 1. 67 billion.

BAE and Finmeccanica announced the intention to dissolve their partnership in the AMS joint venture with AMS ' UK and Italian operations to be taken over by the respective partners.

On 28 January 2009 VT Group announced its intention to sell its share of BVT Surface Fleet to BAE Systems.

On 3 April 2008 BAE Systems announced it would be losing 450 jobs from the Brough site.

On 1 March 2012 BAE Systems announced it would be ending manufacturing at its site in Brough meaning 845 employees are to be made redundant.

The company, initially called " New British Aerospace ", was officially formed on 30 November 1999 and known as BAE Systems.

It was demerged from GEC and acquired by British Aerospace ( BAe ) on November 30, 1999 to form BAE Systems.

" When GEC put MES up for sale on 22 December 1998, BAE abandoned the DASA merger in favour of purchasing its British rival.

BAC went on to become a founding component of the nationalised British Aerospace, now BAE Systems.

The Trojan minefield breaching vehicle and the Titan bridge-laying vehicle based on the chassis of the Challenger 2 were shown in November 2006 ; 66 are to be supplied by BAE Systems to the Royal Engineers, at a cost of £ 250 million.

BAE was formed on 30 November 1999 by the £ 7. 7 billion merger of two British companies ; Marconi Electronic Systems ( MES )-the defence electronics and naval shipbuilding subsidiary of the General Electric Company plc ( GEC )-and British Aerospace ( BAe )-an aircraft, munitions and naval systems manufacturer.

BAE Systems is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

BAE Systems was formed on 30 November 1999 by the £ 7. 7 billion merger of British Aerospace ( BAe ) and Marconi Electronic Systems ( MES ).

The new company, BAE Systems Marine, included the former Marconi shipyards on the Clyde and at Barrow-in-Furness thus rendering H & W's involvement surplus to requirements.

* BAE Systems Surface Ships operates three shipbuilding yards in the United Kingdom ; Portsmouth, England and Scotstoun and Govan on the River Clyde in Glasgow, Scotland.

A bidding war between Northrop Grumman, BAE Systems and General Dynamics ended on July 1, 2002 when Northrop's increased bid of $ 7. 8bn (£ 5. 1bn ) was accepted.

The first British firing occurred on 25 May 2001 from a Tornado flying from BAE Warton.

Two major shipyards on the Upper Clyde ( the former Yarrow and Fairfields yards ) remain in operation: as BAE Systems Surface Ships, owned by the defence contractor BAE Systems, focusing principally upon the design and construction of technologically advanced warships for the Royal Navy and other navies around the world.

BAE Systems ' bid was referred to the Committee on Foreign Investment in the United States ( CFIUS ) to ensure there were no national security implications of the sale.

BAE Systems maintains a presence on the site ( BAE Systems Environmental ) which advises on the decommissioning of military sites.