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Our Business at a Glance

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Our Business at a Glance Strategic Report BAE Systems is an international defence, aerospace and security company with leading OUR air, naval, land and cyber capabilities, supplying BUSINESS both defence and commercial customers. AT A GLANCE GLOBAL DEFENCE MARKET POSITION ($BN) We operate principally in the Defence revenue defence sector, with a growing Total revenue presence in adjacent commercial 1. LOCKHEED MARTIN markets. 2. BOEING We compete within a peer group of large, multi-national defence 3. BAE SYSTEMS and aerospace prime contractors. 4. RAYTHEON BAE Systems is the third largest global defence supplier (based 5. NORTHROP GRUMMAN on 2013 revenue). 6. GENERAL DYNAMICS 7. AIRBUS GROUP 8. UNITED TECHNOLOGIES 9. THALES 10. FINMECCANICA 0 20 40 60 80 100 Source: Defense News (based on 2013 revenue) ACCESSIBLE GLOBAL DEFENCE MARKETS ($BN) We are active in all of the top ten Principal markets accessible global defence 1. US 578 markets, with established leading 2. UK 63 positions in the US, UK, 3. JAPAN 54 Saudi Arabia and Australia. 4. FRANCE 53 5. GERMANY 45 6. INDIA 45 7. SAUDI ARABIA 38 8. SOUTH KOREA 33 9. BRAZIL 32 10. AUSTRALIA 30 Source: 2013 US defence budget (as shown in the Department of Defense Fiscal Year 2015 Budget Request) and, outside the US, Jane’s Defence Budgets (based on 2013 total defence budgets and constant 2015 US dollars) SALES1 BY DESTINATION (%) A signicant proportion of our Principal markets H A UK 22 sales are from international G A E F B Rest of Europe 13 markets outside the UK and US. C US/Canada 36 2 1 D Saudi Arabia 20 In 2014, 35% of our sales came E Rest of Middle East 1 from non-UK/US customers. F Australia 4 B G Rest of Asia and Pacic 3 H Africa and Central/ 1 D South America C 1. Including share of equity accounted investments. 2. Excludes £1.1bn (7%) of sales generated under the Typhoon workshare agreement with Euroghter Jagdugzeug GmbH included within Rest of Europe. 3. Comprises funded and unfunded unexecuted customer orders, and is stated after the elimination of intra-group orders. BAE Systems 06 Annual Report 2014 Strategic Report SALES1 BY DOMAIN We have strong, established positions supplying equipment and services, including advanced AIR 50% LAND 15% electronics, for air, naval and land forces, and commercial aerospace customers. In addition, we have a growing position in the cyber domain. P08 For further information NAVAL 28% CYBER 7% STRATEGIC REPORT STRATEGIC ORDER BACKLOG1,3 (£BN) Our £40.5bn order backlog1,3 provides long-term visibility 2014 40.5 of sales. 2013 42.7 2012 42.5 2011 39.1 GOVERNANCE SALES1 BY ACTIVITY (%) We have a diverse portfolio, A Military and technical 45 services and support broadly balanced between A B Cyber and intelligence 7 long-term platforms programmes, C Platforms 34 D D Electronic systems 14 electronic systems, an enduring STATEMENTS FINANCIAL services and support business, and activities in cyber security. C B BAE Systems Annual Report 2014 07 Strategic Report OUR BAE Systems has strong, established BUSINESS positions in the air, naval and land AT A domains, as well as a growing position GLANCE in the cyber domain. CONTINUED SALES1 ANALYSIS (%) A Typhoon 29 AIR H A B Tornado 16 G C Hawk 7 D F-35 Lightning II 6 50% E Defence avionics 22 F F Commercial avionics 9 G Weapons 5 H Other 6 B E CD Design, manufacture, upgrade and support of combat and trainer aircraft supporting European and other international customers Strong positions on the two pre-eminent European and US combat aircraft platforms, Typhoon and F-35 Lightning II Supplier of defence electronics equipment across a range of US and other Western military aircraft programmes Growing commercial aerospace position in engine and ight controls, cabin and cockpit systems, and aftermarket support services 37.5% interest in the MBDA joint venture supplying missiles and missile systems Typhoon combat aircraft European and other international customers Development of next-generation Unmanned Air Systems SALES1 ANALYSIS (%) A Surface ships 22 NAVAL A B Submarines 18 C US ship repair and 19 commercial shipbuild D UK naval support 12 28% F E Naval armaments 10 F Other 19 B E D C Design, manufacture and support of complex surface ships in the UK and Australia Sole provider of design and manufacture of submarines for the Royal Navy Major provider of warship repair and modernisation services for the US, UK and Australian navies, and provider of commercial shipbuilding in the US Major supplier of large calibre naval gun systems to the US, UK and other international navies Design, manufacture and support of torpedoes and radars, and Sampson naval radar command and combat systems for the Royal Navy UK 1. Including share of equity accounted investments. BAE Systems 08 Annual Report 2014 Strategic Report SALES1 ANALYSIS (%) A Combat vehicles 43 LAND A B Munitions 28 C Artillery 7 15% D Other 22 D C B Design, manufacture, upgrade and support of tracked and amphibious combat vehicles, servicing both US and international customers Vehicle upgrade and support to the British Army Manufacture of ammunition and precision munitions for US and UK armed forces Supply of artillery systems and missile launchers for US, REPORT STRATEGIC UK and international armed forces Designing and developing precision imaging and targeting solutions for the US Army CV90 combat vehicle Sweden SALES1 ANALYSIS (%) A US government 68 CYBER A B UK and other 13 governments C Commercial 19 GOVERNANCE 7% C B Leading supplier of cyber, intelligence and security capabilities to government agencies Growing supplier of cyber and network security capabilities for the commercial market FINANCIAL STATEMENTS FINANCIAL Activity-based intelligence analysts US BAE Systems Annual Report 2014 09.
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