History
The company was created on 30 November, 1999. On this date Marconi Electronic Systems (MES) and British Aerospace (BAe) merged to form BAE Systems. Their respective subsidiaries in the USA, Marconi North America and British Aerospace North America, were similarly merged to form BAE Systems North America.
In the company's 2003 Annual Report the Chairman sums up BAE Systems' strategy since the merger; "In recent years BAE Systems has undergone a radical transformation from a UK-based aircraft manufacturer to a broadly-based systems business. Through this transformation the company has achieved a more balanced portfolio and geographic spread."
BAE Systems North America was renamed BAE Systems Inc. in 2005 following a major reorganisation of BAE Systems plc as a result of the Eurosystems (SELEX Sistemi Integrati) and UDI transactions.
Read more about this topic: BAE Systems Inc.
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