BAE Systems Regional Aircraft
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BAE Systems Regional Aircraft produced the last fully UK-built airliner in November 2001, the Avro RJX (formerly the BAE 146). While this unit no longer produces aircraft it continues to lease aircraft and provide support, spares and training for its products, the
The decision to end production of the Avro RJ series was taken following the sharp downturn in aircraft sales following September 11, 2001 attacks. British Aerospace (BAE's predecessor) left the corporate jet market in 1993 with the sale of British Aerospace Corporate Jets Ltd. to Raytheon, but had maintained the regional jet division.
BAE's Regional Aircraft division is consistently unprofitable. Flight International estimates losses of "around £50 million ($86 million) a year". [1]
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Subsidiaries: BAE Systems Air Systems • BAE Systems Customer Solutions & Support • BAE Systems Insyte • BAE Systems Regional Aircraft • BAE Systems Submarine Solutions • BAE Systems Surface Fleet Solutions • BAE Systems Underwater Systems • MBDA UK
BAE Systems Inc.: BAE Systems Customer Solutions • BAE Systems Land and Armaments • BAE Systems Electronics and Integrated Solutions
Joint ventures: Air Astana (49%) • Eurofighter GmbH (33%) • MBDA (37.5%) • Saab (20.5%) • SELEX Sensors and Airborne Systems (25%)
Annual Revenue: GB£15,411 million (
FY 2005) • Employees: 100,100 (2005) • Stock Symbol: LSE: BA. • Website: www.baesystems.com
