Michael Turner (businessman)
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Mike Turner, CBE is Chief Executive Officer of the aerospace and defence company BAE Systems. He received a CBE for services to the Aerospace Industry in the Queen's 1999 Birthday Honours.
Turner replaced the previous CEO, John Weston, in March 2002 who was dismissed. Turner has previously been a Chief Operating Officer (COO) of the company, responsible for all of the company's businees units. In a press release announcing Turner's appointment he was described thus:
- Mike Turner has a wide experience of all aspects of our business and has been a major contributor to the strategic development of the company.
- Royal Navy Future Carriers (CVF)
BAE was chosen as prime contractor but Thales UK won the design contract and a major role in the project. BAE strongly protested the inclusion of Kellog Brown & Root as "physical integrator". - Eurofighter Typhoon
The UK refused to approve Tranche 2 until the offensive air-to-ground capabilities of the fighter were increased earlier. This negotiating tactic was aimed at its European partners as much as BAE. - 2002 profit warning
BAE announced a shock profit warning in December 2002 related to two major projects, the Astute class submarine and the Nimrod MRA4. BAE took a £750 million ($1.369Bn) hit against these projects.
External links
| 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 |
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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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