Who bought BAE Systems?
Who bought BAE Systems?
The sale of these 2 business was a condition of the merger approval which saw their 2 parent companies merge to form Raytheon Technologies. In November 2020, the MoD announced the award of a 20 year, £2.4 billion munitions contract to BAE.
What does BAE AI do?
BAE Systems Applied Intelligence delivers information intelligence solutions to government and commercial customers. We help them collect, exploit and manage data so they can deliver critical business services more effectively and economically. We also develop solutions to strengthen national security and resilience.
What was BAE Systems called before?
History. The company was created on November 30, 1999 through the merging of Marconi Electronic Systems (MES) and British Aerospace (BAe) 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.
When did BAE acquire detica?
25 September 2008
We [Detica Group Plc] were acquired by BAE Systems acquired on 25 September 2008.
When did Bae become BAE?
In 1999, British Aerospace merged with Marconi Electronic Systems to form BAE Systems.
When did BAE buy detica?
We [Detica Group Plc] were acquired by BAE Systems acquired on 25 September 2008.
What does BAE Systems manufacturer?
We design, manufacture, upgrade, and support combat vehicles and provide ammunition, precision munitions, artillery systems and missile launchers to a global customer base.
Where is BAe Systems head office?
Farnborough, United Kingdom
BAE Systems/Headquarters
When did BAE Systems make an offer for Detica?
On 28 July 2008 the board of Detica and BAE Systems announced that the latter had made a formal cash offer of £9.40 for all issued and to-be-issued share capital. After acquiring over 92% of outstanding shares with shareholder approval, BAE declared its offer for Detica unconditional on 25 September 2008.
Who are Detica Group plc?
We [Detica Group Plc] were acquired by BAE Systems acquired on 25 September 2008. This year also saw both RBS Insurance and HSBC select NetReveal® to help them in their battle against fraud. We were awarded the 2007 BT Supplier Innovation Award and entered the top 10 of the New Media Age Top 100 Interactive Agencies.
Why work for BAE Systems?
At BAE Systems, we help our customers to stay a step ahead when protecting people and national security, critical infrastructure and vital information. This is a long-term commitment involving significant investments in skills.
What is the value of the offer to acquire Detica?
The offer to acquire the entire issued share capital of Detica for 440 pence per share in cash values the business at approximately £538 million including assumed net debt. For the twelve month period ended 31 March 2008, Detica generated EBITA (before exceptional items) of approximately £27 million on sales of approximately £203 million.
