BAE already derives 34 percent of its revenues from North America, where 27,000 employees produce an annual turnover of $5.6 billion. Of equal significance, the return on sales is 8.4 percent–the highest figure in all of BAE.
BAE Systems has all but abandoned Europe. The British defense conglomerate is putting its money into North America, where the budgets are large and the risks are low. But the U.S. government has imposed major bureaucratic controls on all foreign entities that seek to share defense technology.
Some 20 new aircraft, including the world’s largest–such as the Airbus A380 and the Boeing 777-200 Long Range–are among the 200 types on display here, making the Paris Air Show an exceptional showcase of flying hardware.
Bell Helicopter Textron’s vision for a brand-new line of rotorcraft known as the modular affordable product line (MAPL) has sharpened further now that a powerplant design advertised to meet its lofty efficiency requirement is appearing on the horizon.
In his swan song as the outgoing chairman of French aerospace industry association GIFAS last month, Philippe Camus called 2004 a “satisfactory year in a difficult environment.” He said prospects for the country’s aerospace and defense firms are brighter for 2005 with greater volumes of new order
The Airholding consortium led by Embraer of Brazil, with EADS as a minority partner, has taken a majority stake in Portuguese aircraft maintenance specialist Ogma, following the latter’s privatization late last year.
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