History of Bae
BAE Systems Land & Armaments is a designer, developer and manufacturer of various motorized military vehicles, artillery systems fire pointing and controllers run. Today it is one of the largest military companies in the world. Founded in June 2005, BAE Systems Land & Armaments became the holding company of BAE Systems Inc. The company acquired such major players as United Defense. The merger occurred in 2007. Since that time, BAE holds a leading position in the list of military manufacturers.
June 4, 2004, the company BAE Systems acquired by General Dynamics for Alvis PLC - one of the UK's largest manufacturers of land-based machinery. This was seen as a bargain. However, BAE made a bold step to protect its interests. Alvis PLC and BAE Systems teamed up to completely control the market ground systems. Many companies this was seen as an attempt to strengthen the influence of firm BAE in the military sector. In July 2004 as the managing company was appointed dick Oliver, who received confirmation attractiveness of the new ground segment of the business.
This change in strategy magazine "Financial Times" called landmark. In March 2005 BAE Systems acquires UDI for 3,974 billion dollars involved in the development of military weapons and component of the direct competition of the American General Dynamics, specializing in ground-based weapons systems, the production of artillery equipment and precision-guided munitions. Thus, the share of BAE Systems in the U.S. market increases substantially, which leads to dissatisfaction on the part of competitors.
BAE Systems Land & Armaments formed in June 2005 as a reorganized business units BAE. This company is located in the USA and oversees business development BAE in North America.
The company received a contract for the supply of ammunition and processing of special combat vehicles Bradley company. In total in fiscal year 2006, BAE took contracts totaling 477,9 million dollars.
In 2009, however, the company failed to win the contract by 1.6 billion dollars, implying the production and supply 2244 vehicles for the Marine corps of the United States. In September 2009, the company loses another contract - the first part of the multibillion-dollar deal to supply 23 of thousands of combat vehicles middle managers. Another major contract, the company loses, despite the successful appeal in court. The contract, the total cost of 3.7 billion dollars goes to Oshkosh Corporation. As a result, the financial year of the company ends up with the figure of 529 million euros on the total amount of all contracts.