07 Mar 2001
Ref: 032/2001
BAE Systems has announced that its Aerostructures business is being re-organised to provide increased opportunities for growth and future success. This consolidation of the Aerostructures business brings together activities in the UK and North America.
Mike Turner, BAE Systems' Chief Operating Officer said: 'The UK and North American aerostructures businesses share many of the same customers, markets, strategies and commercial aspirations. This realignment is a further example of BAE Systems' drive to consolidate activities and deliver performance improvements across its global aerospace, defence and systems business.'
Notes To Editors:
The Managing Director of the Aerostructures business is Dave Griffiths. Dave is based at the Company's Chadderton site in the United Kingdom. Aerostructures has an order book in excess of 1.4bn.
Precision Aerostructures, formed in 1951, is a leader in multi-axis long bed machining, sheet metal fabrication, and assembly. Located in Wellington, Kansas, Precision Aerostructures specialises in the machining of very large and complex parts and integrated sheet metal fabricated assemblies for the OEM's and prime contractors including The Boeing Company, Cessna Aircraft, Raytheon Aircraft, and Lockheed.
BAE Systems, Aerostructures UK business is involved in the manufacture of major assemblies for Airbus, Boeing, Raytheon and the Aircraft Services Group. Key capabilities are in the manufacture of major wing assemblies and composite manufacture with design capability.
About BAE SYSTEMS:
BAE Systems is the truly global systems, defence and aerospace company. BAE Systems employs more than 120,000 people, in eight home markets around the world and has annual sales of some 12 billion. The company offers an unrivalled global capability in air, sea, land and space with a world-class prime contracting ability supported by a range of key skills. BAE Systems designs and manufactures civil and military aircraft, surface ships, submarines, space systems, radar, avionics, communications, electronics, guided weapon systems and a range of other defence products.
