BAe + Marconi = BAE

Article Abstract:

British Aerospace PLC finalized its merger with Marconi Electronic Systems to form BAE Systems. The combined business is the second biggest defense contractor and the fourth aerospace and defense company in the world, with an annual turnover of 12.3 billion pounds sterling and an order book of 37.5 billion pounds sterling. Sir Richard Evans and George Rose will serve as chairman and CEO, respectively, of BAE Systems.

United Kingdom, Acquisitions & mergers, Organizational history, Aerospace Product and Parts Manufacturing, Aircraft & Parts, BAE Systems, British Aerospace P.L.C.

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Australia cancels ANZAC WIP programme

Article Abstract:

A Warfighting Improvement Programme (WIP) was cancelled by the Royal Australian navy for its eight ANZAC class frigates. Instead, the Australian government will launch a much simpler upgrading of the frigates' anti-ship missile defense as well as a review of several options. The WIP upgrade would have included the eventual conversion of the ANZACs for area defense roles with STANDARD SM-2 missile system.

Australia, International politics, Ship Building and Repairing, Frigates & Corvettes, Naval vessels

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