Airbus UK
Encyclopedia : A : AI : AIR : Airbus UK
Airbus UK is a wholly owned subsidiary of BAE Systems which produces wings for the Airbus aircraft family. BAE Systems owns 20% of Airbus SAS. Airbus UK has two main sites; Broughton in North Wales produces wing sections and Filton produces components & carries out the final assembly. Filton is also home to a retired Concorde.
History
Hawker Siddeley (which merged with British Aircraft Corporation (BAC) in 1977 to form British Aerospace) was part of the first Airbus project, the Airbus A300. The British government withdrew support in 1969 but Hawker Siddeley was allowed to continue as supplier of the aircraft's wings due to the advanced stages of design and the reluctance of other nations to take over the wing design. In 1979 BAe rejoined the Airbus consortium. In 2001 Airbus Industrie became Airbus S.A.S., the Airbus Integrated Company.Airbus UK started work on the wings for the Airbus A380 in August 2002.
Future
In a prospective look at aviation in 2006 The World in 2006, an annual publication by The Economist, predicted that BAE Systems was almost certain to sell its Airbus share in 2006 in order to fund another major U.S. acquisition (L-3 Communications is named as an "obvious candidate"). EADS has first refusal on the share and is the most likely to purchase it but the magazine states that the two partners discussed a sale in the summer of 2005 and were unable to agree a price. [#endnote_Airbus_sale]On April 6 2006 BBC News reported that BAE was selling its 20% share of Airbus. [#endnote_sold]
References
- ↑ Iain Carson (2005) "Beware the boom: Aerospace orders will come down to earth" ''The World in 2006" pp. 130-132
- ↑ BBC News (Apr. 6, 2006) [BAE Systems to sell Airbus stake]
| BAE Systems plc |
| Corporate Directors: Sue Birley | Phil Carroll | Ulrich Cartellieri | Chris Geoghegan | Michael Hartnall | Michael Lester | Peter Mason | Steve Mogford | Dick Olver | Roberto Quarta | Mark Ronald | George Rose | Mike Turner | Peter Weinberg |
|
Subsidiaries: Airbus UK | BAE Systems Air Systems | BAE Systems Customer Solutions & Support | BAE Systems Insyte | BAE Systems Naval Ships | BAE Systems Regional Aircraft | BAE Systems Submarines | BAE Systems Underwater Systems | MBDA UK BAE Systems Inc.: BAE Systems Customer Solutions | BAE Systems Land and Armaments | BAE Systems Electronics and Integrated Solutions
|
| Joint ventures: Air Astana (49%) | Airbus SAS (20%) | Eurofighter GmbH (33%) | MBDA (37.5%) | Saab (20.5%) | SELEX Sensors and Airborne Systems (25%) |
Annual Revenue: .3 billion USD (
FY 2005) | Employees: 100,100 | Stock Symbol: LSE: [BAE] | Website: [www.baesystems.com] |
From Wikipedia, the Free Encyclopedia. Original article here. Support Wikipedia by contributing or donating.
All text is available under the terms of the GNU Free Documentation License See Wikipedia Copyrights for details.