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BAE Systems
 
Undertakings

On 27 April 1999 British Aerospace plc (now known as BAE Systems plc) agreed with The General Electric Company, plc (GEC) the proposed merger of GEC's defence electronics business, Marconi Electronic Systems, with BAE Systems. The military aspects of the merger were subsequently considered by Her Majesty's Government under UK merger control law. To remedy or prevent possible adverse effects of the merger, the Secretary of State for Trade and Industry requested the Director General of Fair Trading to seek Undertakings from BAE Systems concerning the conduct of business by the new commercial entity.

 

In order to meet this remit, Undertakings were given by BAE Systems in March 2000 which were accepted by the Secretary of State for Trade and Industry.

 

In February 2007, the Department for Trade and Industry released BAE Systems from the majority of these undertakings and agreed to new Undertakings (“2007 Undertakings”) following Office of Fair Trading advice to the Department of Trade and Industry that "there had been a change in circumstances" justifying release of such undertakings due to changes in the defence sector since 2000. The company has appointed a Compliance Officer to oversee compliance with all aspects of these Undertakings.

 

These Undertakings are in printable format. To download the file click on this link Undertakings Adobe PDF File

 

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