Our strategy is comprised of six long-term areas of focus that help us deliver our vision and mission. All are centred on maintaining and growing our core franchises and securing growth opportunities through advancing our three strategic priorities, whilst demonstrating our company behaviours in all that we do.
Sustain and grow our defence business
Continue to grow our business in adjacent markets
Develop and expand our international business
Inspire and develop our workforce to drive success
Enhance financial performance and deliver enduring growth in shareholder value
Advance and integrate our sustainability agenda
To serve, supply and protect those who serve and protect us, in a corporate culture that is performance driven and values led. Through careful long-term management and governance of our business, we will continue to create value for our stakeholders.
To be the premier international defence, aerospace and security company.
To provide a vital advantage to help our customers to protect what really matters.
At BAE Systems everything we do is steered by our three core values: trusted; innovative; and bold.
Drive operational excellence
Continuously improve competitiveness and efficiency
Advanced and further leverage our technology
Executing smart growth to meet the demand surge for CV90s
Growing our Hägglunds business smartly and rapidly is a top priority and critical to profitably delivering its extensive order book, including the CV90 contracts from Sweden and Denmark worth $2.5bn (£2.0bn). Our Hägglunds team is investing more than $200m (£160m) to add capacity and scale operations, while also teaming to expand production capacity in customer countries. This approach benefits our partners’ local economies and communities and also diversifies the CV90 industrial base. The new CV9035MkIIICs for Sweden and Denmark will be built to the same standard as the CV90 mid-life upgrades for the Netherlands, embedding years of combat-proven experience, continuous improvements and data from the ten nations operating CV90 fleets. Beyond new facilities and infrastructure, our Hägglunds team is investing in talented people, partners and suppliers to successfully deliver the leading combat capabilities of the CV90 in a mission-driven, customer-focused culture.
Glasgow Shipbuild Hall
We continue to invest in our people and facilities in Glasgow to transform the way we design and build warships and help to secure the long-term future for complex shipbuilding on the River Clyde. Our new state-of-the-art Applied Shipbuilding Academy opened in 2024, greatly enhancing our ability to develop and train our Naval Ships workforce, from new starters to senior leaders, and ensuring Scottish shipbuilding has a thriving workforce for generations to come. We also significantly advanced the construction of our new ship build hall in Govan, UK, in 2024, which is expected to be completed in 2025. Large enough for two Type 26 frigates to be constructed side-by-side and designed to accommodate up to 500 workers per shift, this new facility will boost the site’s efficiency and safety and help to ensure that adverse weather conditions do not impact our shipbuilding operations. These investments are key elements of our ongoing £300m modernisation and digitalisation of our shipbuilding facilities in Glasgow, UK.