Company Profile For BAE Systems PLC

BAE Systems plc (BAE Systems) delivers a range of systems and services for air, land and naval forces, as well as advanced electronics, information technology solutions (IT) and customer support services. It operates through five segments: Electronics, Intelligence & Support; Land & Armaments; Programmes & Support; International Businesses, and HQ & Other Businesses. In June 2008, BAE Systems acquired MTC Technologies, Inc., a company providing technical and professional services, as well as equipment integration and modernization for the United States military and intelligence agencies. In June 2008, the Company also acquired Tenix Defence, which will be integrated with the operations of BAE Systems Australia, headquartered in Adelaide. In August 2008, the Company completed its acquisition of IST Dynamics. In September 2008, BAE Systems acquired Detica, a consultancy servicing the counter-threat agenda. In June 2009, BAE Systems acquired Advanced Ceramics Research, Inc.

BRIEF: For the six months ended 30 June 2009, BAE Systems plc's revenues increased 28% to £9.09B. Net loss totaled £82M vs. an income of £586K. Revenues reflect an increase in sales from the Land & Armaments, Electronics, Intelligence & Support and International Businesses divisions. Higher loss reflects increase in operating cost, a decrease in other income, higher loss on share of equity investment and presence of impairment of Equity accounted investment.