BAE Systems | Wikipedia audio article
Channel: wikipedia tts
Date: 2019-06-23

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/BAE_Systems


00:02:46 1 History
00:02:55 1.1 Heritage
00:06:15 1.2 Formation
00:11:41 1.3 2000s
00:24:57 1.3.1 Airbus shareholding
00:27:10 1.4 2010s
00:34:02 2 Products
00:36:01 3 Areas of business
00:36:21 3.1 United Kingdom
00:40:00 3.2 United States
00:41:27 3.3 Rest of the world
00:42:31 4 Shareholders
00:43:19 5 Organisation
00:44:42 6 Corporate governance
00:48:19 7 Financial information
00:48:33 8 Corruption investigations
00:48:44 8.1 Serious Fraud Office
00:52:20 8.2 Saudi Arabia
00:56:09 8.3 Others
00:59:08 9 Criticism
00:59:17 9.1 Espionage
01:00:01 9.2 Nuclear weapons
01:01:26 9.3 Cluster bombs
01:02:01 9.4 Saudi war crimes in Yemen
01:02:55 9.5 Political influence
01:03:39 10 See also



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SUMMARY
=======
BAE Systems plc is a British multinational defence, security, and aerospace company. Its headquarters are in London in the United Kingdom with operations worldwide. The company is the largest defence contractor in Europe and among the world's largest defence companies; it was ranked as the third-largest based on applicable 2017 revenues.  Its largest operations are in the United Kingdom and United States, where its BAE Systems Inc. subsidiary is one of the six largest suppliers to the US Department of Defense. Other major markets include Australia, India, and Saudi Arabia, which account for about 20% of BAE's overall sales. It is the biggest manufacturer in Britain. The company 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 the successor to various aircraft, shipbuilding, armoured vehicle, armaments and defence electronics companies, including the Marconi Company, the first commercial company devoted to the development and use of radio; A.V. Roe and Company, one of the world's first aircraft companies; de Havilland, manufacturer of the  Comet, the world's first commercial jet airliner; British Aircraft Corporation, co-manufacturer of the Concorde supersonic transport; Supermarine, manufacturer of the Spitfire; Yarrow Shipbuilders, builder of the Royal Navy's first destroyers; Fairfield Shipbuilding and Engineering Company, pioneer of the triple-expansion engine and builder of the world's first battlecruiser; and Vickers Shipbuilding and Engineering, builder of the Royal Navy's first submarines. Since its formation it has made a number of acquisitions, most notably of United Defense and Armor Holdings of the United States, and sold its shares in Airbus, Astrium, AMS and Atlas Elektronik.
BAE Systems is involved in several major defence projects, including the Lockheed Martin F-35 Lightning II, the Eurofighter Typhoon, the Astute-class submarine and the Queen Elizabeth-class aircraft carriers. BAE Systems is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.