BAE Systems Regional Aircraft
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BAE Systems Regional Aircraft produced the last fully UK-built airliner in November 2001, the Avro RJX (formerly the BAE 146). While this unit no longer produces aircraft it continues to lease aircraft and provide support, spares and training for its products, the
The decision to end production of the Avro RJ series was taken following the sharp downturn in aircraft sales following September 11, 2001 attacks. British Aerospace (BAE's predecessor) left the corporate jet market in 1993 with the sale of British Aerospace Corporate Jets Ltd. to Raytheon, but had maintained the regional jet division.BAE's Regional Aircraft division is consistently unprofitable. Flight International estimates losses of "around £50 million ($86 million) a year". [#endnote_losses] However these losses are offset by recent strong performance of Airbus (in which BAE has a 20% share) and recent large defence sales, including the Typhoon sale to Saudi Arabia. The poor performance in 2005 has been linked to the large number of bankruptcies in the U.S. airline industry.
References
- ↑ "Buoyant Airbus fails to lift BAE’s regional gloom" (Jan. 10, 2006) Flight International
- [BAE warns of regional jet losses] (Dec. 19, 2005) BBC News
| 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] |
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