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Dr Watt said: “It has been a privilege to serve the Company as its Non-Executive Chairman. I leave in the knowledge that BAE Systems has a strong order book and an experienced executive team that is well positioned to deliver its commitments to the Commonwealth Government.
“I have a strong passion for BAE Systems and its mission to deliver a growing capability to the Australian Defence Force. The importance of the role the Company plays in helping protect the nation and grow the economy cannot be understated.
“I am grateful for the opportunity to have served the Company and I would like to thank all of the employees within Australia for their dedication and hard work. The Company has a great opportunity to grow the Australian business and in doing so ensure that the Australian Defence Force maintains a capability edge,” Dr Watt said.
Dr Watt was appointed to the position in April 2016 and has made a significant contribution to the Company’s success during the term of his appointment.
BAE Systems Australia Chief Executive Gabby Costigan said:
“The Company has benefitted enormously from Dr Watt’s considerable experience and counsel during his appointment.
“Ian has made a valuable contributions to growing our business and during his tenure we have been successful in securing the $1 billion Jindalee Operational Radar Network upgrade and the $35billion Hunter Class Frigate Program.