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British Aerospace is considering plans to launch a bid in the privatisation of the UK's air traffic control system, prompting speculation that it may form a consortium with Boeing. 09-Jun-2000 British Aerospace is to be renamed BAe Systems following its acquisition of Marconi Electronic Systems, and up to 1,500 management jobs will be lost. 01-Dec-1999 British Aerospace is to relocate its corporate headquarters from Farnborough to the new Carlton Gardens development in central London. 20-Nov-1999 British Aerospace is in discussions with Finmeccanica of Italy about forming a joint venture to manufacture combat aircraft. 27-Oct-1999 British Aerospace is planning a joint venture with Finmeccanica of Italy to develop naval defence electronics, radar and air traffic control systems. 16-Sep-1999 British Aerospace is to shed 350 contract jobs at its Broughton aircraft wings plant in north Wales. 11-Sep-1999 British Aerospace has won government approval for the £7.4bn acquisition of the Marconi defence division of General Electric Company. 10-Sep-1999 British Aerospace is to cut 2,200 jobs and close its military aircraft factory in Dunsfold, Surrey, in order to improve productivity. 25-Jun-1999 British Aerospace is to raise about £700m by selling its 5% stake in the Orange mobile phone group through a eurobond issue. 23-Jun-1999 British Aerospace has restarted talks with Rheinmetall of Germany about the formation of a joint venture with its Royal Ordnance munitions business, and a proposal is expected within weeks. 24-May-1999 British Aerospace has announced job cuts at 10 factories, including 88 at Cowes on the Isle of Wight, in order to reduce costs in its land and sea systems division. 21-May-1999 British Aerospace is forming a joint venture with Sumitomo Precision Products to manufacture silicon-based gyroscopes, and hopes to generate sales of $100m a year. 13-May-1999 British Aerospace is in discussions with Lagardere of France and Finmeccanica of Italy to merge their guided weapons businesses. 28-Apr-1999 British Aerospace Airbus is preparing to start work on a multi-million pound redevelopment at its Filton complex in Bristol, which will bring 2,500 staff under one roof. 02-Apr-1999 Apollo Metals has won a £50m a year contract from British Aerospace Military Aircraft & Aerostructures, and will set up a new subsidiary in the north-west that will create 65 jobs. 25-Mar-1999 British Aerospace has awarded a £11m contract to Balfour Beatty to build an aircraft wings factory in Broughton, Chester. 04-Mar-1999 British Aerospace is considering plans to close more of its 12 Royal Ordnance munitions plants, and a decision on the future of the business is expected within six months. 10-Feb-1999 British Aerospace is to acquire the Marconi defence division of GEC for £6.9bn, to create the third largest defence and aerospace group in the world. 20-Jan-1999 British Aerospace is to redevelop its Filton site in Bristol with the creation of 125 jobs. 15-Jan-1999 British Aerospace is in negotiations with Kongsberg of Norway that could lead to a strategic alliance in naval and weapons systems. 14-Jan-1999 GEC has agreed a £1.8bn deal to merge its space satellite operations with those of Lagardere of France, Daimler-Chrysler Aerospace of Germany, Alenia Spazio of Italy and British Aerospace. 24-Dec-1998 British Aerospace is to create more than 100 jobs at its Broughton aircraft wings factory. 16-Dec-1998 British Aerospace is to close its Royal Ordnance factory at Bishopton near Glasgow with the loss of 283 jobs, following a Ministry of Defence decision to award a contract for ammunition propellant to a South African company. 16-Dec-1998 British Aerospace is close to agreeing the structure for its planned merger with DaimlerChrysler Aerospace of Germany, which will create the core of a new European aerospace and defence group. 12-Dec-1998 British Aerospace is to cut 160 jobs at its Royal Ordnance factory in Blackburn. 10-Dec-1998 British Aerospace's Warton-based Systems and Services Division is to cut up to 100 jobs following a review of its business. 25-Nov-1998 British Aerospace is transferring leading and trailing edge assembly work for wings on the Airbus A320-family aircraft from its Samlesbury factory to its Prestwick site. 16-Oct-1998 British Aerospace and Daimler-Benz Aerospace are planning to set up a joint holding company early next year, and other companies will be able to join when they are ready in order to create a giant pan-European defence contractor. 12-Oct-1998 British Aerospace has sold Arlington Securities, the developer of business parks, to Prudential Insurance Company of America for £270m. 10-Oct-1998 British Aerospace is discussing the sale of its Arlington Securities property business to a group of investors related to Prudential Insurance of the US, in a £250m deal. 01-Oct-1998 British Aerospace is looking to recruit more than 100 apprentices at its factory near Chester to cope with a recent rise in orders. 22-Sep-1998 British Aerospace is acquiring the remaining 50% stake in BAeSema, the naval systems concern, from Sema for £77m, in an effort to become a prime contractor in both naval and aircraft systems. 11-Sep-1998 British Aerospace is considering plans to close the ammunition operations of its Royal Ordnance subsidiary due to falling demand and increasing competition from abroad. 26-Aug-1998 British Aerospace has won a £100m contract to upgrade the engines in the RAF's 60 Jaguar jets, which will help to secure jobs in its military aircraft division. 15-Aug-1998 British Aerospace is in merger discussions with Daimler-Benz Aerospace of Germany, which would be a major step in the restructuring of Europe's overcrowded defence sector. 24-Jul-1998 British Aerospace has won a contract to operate the Holston army ammunition plant at Kingsport, Tennessee, thereby increasing the foothold of its Royal Ordnance subsidiary in the US. 01-Jul-1998 British Aerospace is planning to close a Royal Ordnance factory in Lincolnshire with the loss of 57 jobs, as part of a rationalisation of its ammunition factories. 12-Jun-1998 British Aerospace is linking up with Lockheed Martin of the US to bid for a Ministry of Defence contract to build the next generation of military communications satellites, but will face competition from a joint bid by Lagardere of France and GEC-Marconi. 28-May-1998 British Aerospace is acquiring a 35% stake in Saab, the Swedish military aircraft company, for £269m, in a move that is likely to increase the importance of Saab's Gripen fighter plane. 01-May-1998 British Aerospace is launching a "virtual university" within the next three months which will offer a range of courses covering areas such as engineering and manufacturing technology. 30-Apr-1998 The Aero International Regional partnership between British Aerospace, Aerospatiale of France, and Alenia of Italy, is being dissolved following a disagreement over whether to build a new 70-seat jet. 28-Apr-1998 British Aerospace and Dassault Aviation of France are planning a joint venture to develop new technology for combat aircraft, following the trend for consolidation in the European defence sector. 20-Apr-1998 British Aerospace and its counterparts in France, Germany and Spain, have told their respective governments that they want to move towards an eventual merger and create a group called European Aerospace and Defence Company. 28-Mar-1998 British Aerospace has sold most of its 16% stake in Orange, the mobile phone operator, in order to focus on its defence business. 27-Mar-1998 British Aerospace has sold its 26% stake in Orion Network Systems, the satellite system, to Loral Space & Communications, for $143m. 24-Mar-1998 The government has lifted the limit on foreign shareholdings in British Aerospace and Rolls-Royce from 29.5% to 49.5% in order to help them compete in world markets, but there will still be a limit of 15% for any individual foreign shareholder. 13-Mar-1998 British Aerospace has won £123m of government aid to help it produce wings for the new range of Airbus commercial aircraft. 03-Feb-1998 British Aerospace is in discussions with Dassault of France about a possible alliance that would help the European defence industry compete with the big US companies. 19-Jan-1998 British Aerospace has won a £41m contract to supply key wing parts for the next generation of Boeing 737 aircraft. 25-Nov-1997 British Aerospace is in discussions to set up an alliance with Finmeccanica of Italy that would result in greater co-operation between the two countries, as consolidation in European aerospace and defence continues. 19-Nov-1997 British Aerospace and Daimler-Benz are linking up to acquire Siemens' defence operations for about £420m, a move which will give BAe a role in the Archer consortium that is developing a new communications system for the armed forces. 31-Oct-1997 Matra BAe Dynamics, the joint venture of British Aerospace and Lagardere, has acquired a 30% stake in LFK, the guided weapons subsidiary of Daimler-Benz Aerospace, and the three companies are planning a joint strategy on future missile programmes. 11-Oct-1997 Siemens has shortlisted Thomson-CSF and a joint bid from British Aerospace and Daimler-Benz Aerospace to acquire its defence electronics business, thereby eliminating Alcatel and General Electric Company. 12-Sep-1997 Arlington Securities, British Aerospace's property company, is planning a 64-acre business park opposite Manchester airport, which is expected to provide 4,000 jobs. 23-Jul-1997 British Aerospace is linking up with Lockheed Martin of the US in a £61bn programme to develop the next generation of light fighter aircraft. 19-Jun-1997 British Aerospace is to stop making the Jetstream 41 aircraft at its Prestwick factory with the loss of about 400 jobs, but will try to relocate other aircraft manufacturing work to the site. 30-May-1997 GEC and British Aerospace have failed to reach agreement over a possible merger following disagreements over business prospects and the valuation of assets. 24-Feb-1997 British Aerospace is linking up with the McLaren motor racing group to give a boost to its design and prototyping capabilities, and in return BAe will offer aerodynamic skills and development facilities to McLaren. 12-Feb-1997 British Aerospace Airbus is to set up a £25m centre for machining aircraft wings at its Broughton plant near Wrexham, creating about 100 jobs. 21-Jan-1997 British Aerospace has bought a 49% stake in STN Atlas Elektronik, the German defence electronics concern, for £104m. 05-Dec-1996 Ashbourne has sold and leased back its 90-bed Rowan Court nursing home in Aberdeen to British Aerospace Pension Fund. 05-Oct-1996 British Aerospace Australia is to buy the armoured vehicle operation of Shorts for undisclosed terms. 16-May-1996 British Aerospace is forming a joint venture with Lagardere Group of France called Matra BAe Dynamics, which will be the biggest missile maker in Europe. 14-May-1996 British Aerospace and GEC have linked up with a number of European companies - Saab, Daimler-Benz, Matra and Alenia, to form a consortium to bid for the £850m UK contract to supply the main missile system for the Eurofighter combat aircraft. 07-May-1996 British Aerospace has acquired AWA Defence Industries of Australia for £27.6m. 17-Apr-1996 British Aerospace is cutting 250 jobs at its Prestwick factory due to problems in the turboprop aircraft market. 02-Apr-1996 The government has rejected proposals by British Aerospace to build a commercial airport at its Filton airfield near Bristol. 23-Mar-1996 Computer Management Group is to develop a group security system for British Aerospace, for £120k. 05-Oct-1995 Avro International Aerospace, part of British Aerospace, has won an order from Sabena for 23 Avro RJ85s - further orders could follow. 01-Sep-1995
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