BAE Systems AB

BAE Systems AB is a Swedish defence company and a subsidiary of BAE Systems Land and Armaments, whose ultimate parent is the British defence contractor BAE Systems. The company is a holding company for 'Land Systems Hägglunds AB' and BAE Systems Bofors AB, and has no products of its own.

Subsidiaries

BAE Systems Hägglunds

AB Hägglund & Söner was founded in 1899 by Johan Hägglund in Gullänget, Örnsköldsvik, Sweden. The company was divided in 1988, one part being Hägglunds Vehicle AB, the military vehicles business. In October 1997 the British company Alvis plc acquired Hägglunds Vehicle AB to form Alvis Hägglunds AB. Alvis expanded its military vehicle business in 1998 with the purchase of GKN's armoured vehicle division in 1998 and Vickers Defence in 2002 to form Alvis Vickers. In September 2004 BAE Systems acquired Alvis Vickers and merged it with its RO Defence ordnance division to form BAE Systems Land Systems. Hägglunds was renamed Land Systems Hägglunds.

In June 2005 BAE Systems acquired United Defense and reorganised its land systems businesses into BAE Systems Land and Armaments, with Land Systems and Land Systems Hägglunds as subsidiaries of this U.S. based operating group.

BAE Systems

Coordinates: 51°16′25″N 0°46′00″W / 51.27361°N 0.76667°W / 51.27361; -0.76667

BAE Systems plc is a British multinational defence, security and aerospace company headquartered in London in the United Kingdom and with operations worldwide. It is among the world's largest defence contractors; it ranked as the second-largest based on applicable 2012 revenues. Its largest operations are in the United Kingdom and United States, where its BAE Systems Inc. subsidiary is one of the six largest suppliers to the US Department of Defense. Other major markets include Australia, India and Saudi Arabia. The company was formed on 30 November 1999 by the £7.7 billion merger of two British companies; Marconi Electronic Systems (MES) – the defence electronics and naval shipbuilding subsidiary of the General Electric Company plc (GEC) – and British Aerospace (BAe) – an aircraft, munitions and naval systems manufacturer.

BAE Systems is the successor to various aircraft, shipbuilding, armoured vehicle, armaments and defence electronics companies, including The Marconi Company, the first commercial company devoted to the development and use of radio; A.V. Roe and Company, one of the world's first aircraft companies; de Havilland, manufacturer of the world's first commercial jet airliner; British Aircraft Corporation, co-manufacturer of the Concorde supersonic transport; Supermarine, manufacturer of the Spitfire; Yarrow Shipbuilders, builder of the Royal Navy's first destroyers; Fairfield Shipbuilding and Engineering Company, pioneer of the triple-expansion engine and builder of the world's first battlecruiser; and Vickers Shipbuilding and Engineering, builder of the Royal Navy's first submarines. Since its formation it has made a number of acquisitions, most notably of United Defense and Armor Holdings of the United States, and sold its shares in Airbus, Astrium, AMS and Atlas Elektronik.