The Company is the nation’s largest defence, aerospace and security company and delivers some of the largest and most technically advanced engineering and manufacturing projects in the world, keeping countries, their people and infrastructure secure.
By investing £4 billion in 8,900 companies in its supply chain, BAE Systems make a significant contribution to the UK’s national and regional economies, the technology sector and the fabric of UK society by providing unrivalled skills training and opportunities for social mobility. The Company creates highly skilled jobs, invest in research and development and generate significant exports and tax revenues.
These benefits are widely spread around the UK. BAE Systems’ manages sites from Glasgow in Scotland to HM Naval Base at Portsmouth, and hence directly contributes to local economies across most UK regions.
A word from our Chairman
Oxford Economics Report 2017
Key facts compiled from 2016 data
- £11.1 bn - Total gross valued added contribution to UK GDP (Equivalent to 0.6% of UK economic output or 57p in every £100 of UK GDP)
- £4.7bn - Value of exports (equivalent to 0.9% of all UK exports)
- £3.6bn - Contribution to UK Balance of Payments
- £2.5bn – Total tax contribution (£620m directly generated by BAE Systems)
- £128,000- Productivity per Full Time Employee (almost 80 per cent higher than the national average)
- 130,400 - Total Full Time Employee Jobs Supported (include 34, 600 BAE Systems FTE jobs)
- £4bn value of spend with 8,900 UK suppliers (representing 79% of total UK procurement)
- £1bn invested in R&D in 2016 alone
- 1,600 granted patents. Fourth largest UK applicant
- £10.7M invested in UK universities
- Strategic partnerships with 5 universities: Southampton, Cranfield, Manchester, Strathclyde and Birmingham
- 22,200 employees (64% of UK workforce) in engineering roles
- 1,600 apprentices and 500 graduates in training. Internships provided for 100 undergraduates*
- Apprentice training rated ‘Outstanding’ by Ofsted and received Princess Royal Training Award
- 295 young people took work experience placements as part of Movement to Work programme. 166 secured full time employment with BAE Systems or a supplier company*