BAE-annual-report-2014
BAE-annual-report-2014
BAE-annual-report-2014
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Strategic Report<br />
OUR<br />
BUSINESS<br />
AT A<br />
GLANCE<br />
<strong>BAE</strong> Systems is an international defence,<br />
aerospace and security company with leading<br />
air, naval, land and cyber capabilities, supplying<br />
both defence and commercial customers.<br />
We operate principally in the<br />
defence sector, with a growing<br />
presence in adjacent commercial<br />
markets.<br />
We compete within a peer group<br />
of large, multi-national defence<br />
and aerospace prime contractors.<br />
<strong>BAE</strong> Systems is the third largest<br />
global defence supplier (based<br />
on 2013 revenue).<br />
GLOBAL DEFENCE MARKET POSITION ($BN)<br />
1. LOCKHEED MARTIN<br />
2. BOEING<br />
3. <strong>BAE</strong> SYSTEMS<br />
4. RAYTHEON<br />
5. NORTHROP GRUMMAN<br />
6. GENERAL DYNAMICS<br />
7. AIRBUS GROUP<br />
8. UNITED TECHNOLOGIES<br />
Defence revenue<br />
Total revenue<br />
9. THALES<br />
10. FINMECCANICA<br />
We are active in all of the top ten<br />
accessible global defence<br />
markets, with established leading<br />
positions in the US, UK,<br />
Saudi Arabia and Australia.<br />
A significant proportion of our<br />
sales are from international<br />
markets outside the UK and US.<br />
In <strong>2014</strong>, 35% 2 of our sales 1 came<br />
from non-UK/US customers.<br />
0 20 40 60 80<br />
100<br />
Source: Defense News (based on 2013 revenue)<br />
ACCESSIBLE GLOBAL DEFENCE MARKETS ($BN)<br />
2. UK<br />
3. JAPAN<br />
4. FRANCE<br />
5. GERMANY<br />
6. INDIA<br />
7. SAUDI ARABIA<br />
8. SOUTH KOREA<br />
9. BRAZIL<br />
10. AUSTRALIA<br />
1. US 578<br />
63<br />
54<br />
53<br />
45<br />
45<br />
38<br />
33<br />
32<br />
30<br />
Principal markets<br />
Source: 2013 US defence budget (as shown in the Department of Defense Fiscal Year 2015 Budget Request) and,<br />
outside the US, Jane’s Defence Budgets (based on 2013 total defence budgets and constant 2015 US dollars)<br />
SALES 1 BY DESTINATION (%)<br />
Principal markets<br />
H<br />
A UK 22<br />
E F<br />
G A<br />
B Rest of Europe 13<br />
C US/Canada 36<br />
D Saudi Arabia 20<br />
E Rest of Middle East 1<br />
F Australia 4<br />
B<br />
G Rest of Asia and Pacific 3<br />
H Africa and Central/ 1<br />
D<br />
South America<br />
C<br />
1. Including share of equity accounted investments.<br />
2. Excludes £1.1bn (7%) of sales generated under the Typhoon workshare agreement with Eurofighter Jagdflugzeug GmbH included within Rest of Europe.<br />
3. Comprises funded and unfunded unexecuted customer orders, and is stated after the elimination of intra-group orders.<br />
06<br />
<strong>BAE</strong> Systems<br />
Annual Report <strong>2014</strong>
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