BAE SystemsBAE Systems (United Kingdom) is involved in the nuclear weapons programmes of France, the UK and the US. It produces key components for Trident II (D5) missiles for the US and UK nuclear arsenals. It also produces US Minuteman III Intercontinental Ballistic Missile (ICBM) systems. BAE Systems is also part of the MBDA joint venture and provides nuclear armed air-to-surface missiles for France.
BAE Systems, based in the UK, operates as a military, security and aerospace company worldwide. The company’s main segments are electronic systems, intelligence & security, maritime, military air & services and support solutions.
In the financial year ending 31 December 2016, BAE Systems reported revenues of £ 17.8 billion (€ 20.8 billion), resulting in an operating income of £ 1.7 billion (€ 2.0 billion) and a net income of £ 913 million (€ 1.1 billion).
BAE Systems PLC Headquarters
PO Box 87 Aerospace Centre,
Farnborough GU14 6YU
+44 (0) 1252 373232
BAE Systems provides logistics, systems, and readiness support for the US and UK Navy Trident and US Air Force Minuteman missiles programmes.
Contracts include an award in October 2014 by the Strategic Systems Programs (SSP) of the US Navy with an initial value of US$ 17.3 million (€ 12.5 million) for one year, plus three one-year options bringing the total value to US$ 75.0 million (€ 54.1 million). Under the contract, BAE Systems provides supply support and information technology services for the Trident II (D5) Strategic Weapon System (SWS) Program and the SSGN Attack Weapon System (AWS) Program. Primary functions are the management and integration of SSP’s supply Automated Data Processing (ADP) systems; material support operations; and supply system analysis. In 2016, BAE Systems received a one year modification, with the possibility to extend this to 2021, to: “[…] provide systems engineering and integration services in support of Trident II (D5) strategic weapons system, the SSGN attack weapon system, and nuclear weapon surety.” The contract can have a maximum contract value of US$ 368 million (€ 328 million).
In August 2013, BAE Systems took over from Northrop Grumman as the prime contractor for Minuteman III Intercontinental Ballistic Missile (ICBM) system engineering/technical assistance support, training and development. The contract awarded by the US Air Force is worth more than US$ 535 million (€ 403.3 million) and runs through 2021. The takeover of tasks by BAE from Northrop Grumman was completed in June 2014. Among the 29 key tasks, two critical activities were identified as weapon system effectiveness and force development evaluation, which involves analysing the Air Force’s Minuteman III test launches. Since 2013, BAE Systems was provided with various contract modifications, bringing the value with all options exercised to US$ 770.2 million (€ 704.9 million). In July 2016, BAE Systems was awarded an US$ 51 million (€ 45.9 million) updated contract to “[…] provide systems engineering, technical assistance support, training and development in performing integration, sustaining engineering and program management support functions for the Minuteman III weapon system.” In July 2017, BAE Systems was also awarded a US$ 45.2 million (€ 39.6 million) modification to an existing contract for development work on the Ground Based Strategic Deterrent (GBSD) intercontinental ballistic missile replacement programme, for the LGM-30 Minuteman III ICBM. Also in July 2017, BAE Systems received a US$ 72.6 million (€ 63.6 million) contract modification for integration and technical support for the Air Force’s Minuteman III.
MBDA-Systems, a joint venture between BAE Systems (37.5%), Airbus (37.5%) and Leonardo-Finmeccanica (25%), supplied the medium-range air-to-surface missile ASMPA to the French air force, which has been operational since 2009. It carries an airborne nuclear warhead developed by the CEA. In July 2014, MBDA commenced work on design and development of the mid-life upgrade of the ASMPA, to extend life through 2035. The contract has a value of € 57.3 million. Reportedly, MBDA is also charged with the development of the ASMPA-successor ASN4G, to be operational in 2035.
The following financial institutions made approximately US$ 25,986 million available to this producer between January 2014 and October 2017.
In January 2018, Norges Bank announced it would divest from BAE Systems.
- Allianz (Germany)
- Allstate (United States)
- American Equity (United States)
- American Financial Group (United States)
- American International Group (AIG) (United States)
- American United Mutual Insurance (United States)
- Ameriprise Financial (United States)
- ANZ (Australia)
- Artisan Partners (United States)
- Aviva (United Kingdom)
- AXA (France)
- Bank of America (United States)
- Bank of New York Mellon (United States)
- Barclays (United Kingdom)
- BlackRock (United States)
- BNP Paribas (France)
- Capital Group (United States)
- Citigroup (United States)
- CNO Financial Group (United States)
- Commerzbank (Germany)
- Commonwealth Bank of Australia (Australia)
- Crédit Agricole (France)
- Crédit Mutuel CIC Group (France)
- Deutsche Bank (Germany)
- Fidelity International (Bermuda)
- Fidelity Investments (United States)
- Franklin Resources (United States)
- Goldman Sachs (United States)
- Hartford Financial Services (United States)
- Invesco (United Kingdom)
- JPMorgan Chase (United States)
- Jupiter Fund Management (United Kingdom)
- Legal & General (United Kingdom)
- Legg Mason (United States)
- Liberty Mutual Insurance (United States)
- Lloyds Banking Group (United Kingdom)
- Loews Corporation (United States)
- LSV Asset Management (United States)
- Macquarie Group (Australia)
- Manulife Financial (Canada)
- Marathon Asset Management (United Kingdom)
- MassMutual Financial (United States)
- MetLife (United States)
- Mitsubishi UFJ Financial (Japan)
- Mizuho Financial (Japan)
- Morgan Stanley (United States)
- National Bank of Abu Dhabi (United Arab Emirates)
- New York Life Insurance (United States)
- Norges Bank (Norway)
- Northwestern Mutual Life Insurance (United States)
- Pacific Asset Management (United States)
- Principal Financial Group (United States)
- Prudential (UK) (United Kingdom)
- Prudential Financial (US) (United States)
- Royal Bank of Canada (Canada)
- Royal Bank of Scotland (United Kingdom)
- Schroders (United Kingdom)
- Silchester International Investors (United Kingdom)
- Skandinaviska Enskilda Banken (Sweden)
- Société Générale (France)
- Standard Life Aberdeen (United Kingdom)
- State Farm (United States)
- State Street (United States)
- Sumitomo Mitsui Financial (Japan)
- Sun Life Financial (Canada)
- Thrivent Financial (United States)
- TIAA (United States)
- Toronto-Dominion Bank (Canada)
- UBS (Switzerland)
- Vanguard (United States)
- Waddell & Reed Financial (United States)
- Wellington Management (United States)
- Wells Fargo (United States)
- White Mountains Insurance (Bermuda)
- William Blair & Company (United States)
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This page was last updated on 22 January 2018.