British Aerospace (BAe) was a UK aircraft, munitions and defence-systems manufacturer. In 1999 it purchased Marconi Electronic Systems, the defence electronics and naval shipbuilding subsidiary of the General Electric Company plc, to form BAE Systems.
The company was formed in the United Kingdom as a statutory corporation on 29 April 1977 as a result of the Aircraft and Shipbuilding Industries Act. This called for the nationalisation and merger o...
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British Aerospace (BAe) was a UK aircraft, munitions and defence-systems manufacturer. In 1999 it purchased Marconi Electronic Systems, the defence electronics and naval shipbuilding subsidiary of the General Electric Company plc, to form BAE Systems.
The company was formed in the United Kingdom as a statutory corporation on 29 April 1977 as a result of the Aircraft and Shipbuilding Industries Act. This called for the nationalisation and merger of the British Aircraft Corporation, Hawker Siddeley Aviation, Hawker Siddeley Dynamics and Scottish Aviation. In 1979 BAe officially joined Airbus, the UK having previously withdrawn support for the consortium in April 1969.
In accordance with the provisions of the British Aerospace Act 1980 the statutory corporation was changed to a Public limited company (plc), British Aerospace Public Limited Company, on 1 January 1981. On 4 February 1981 the government sold 51.57% of its shares. The British government sold its remaining shares in 1985,...
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