BAE Systems has won a contract to provide the spoiler control electronics for the new Boeing 737 Max, the UK-based company announced Tuesday. The deal boosts BAE’s comparatively small but resurgent civil business at a time of sagging defense spending.
BAE Systems Inc.
BAE Systems has announced a plan to implement a new “regionalized” strategy to support the Latin American market, where some 90 of its aircraft are now in service with nearly 40 operators. The company unveiled the new support strategy at its first ever Americas operators’ conference, held in Lima, Peru, May 23 and 24.
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. The group’s CEO, Mike Turner, is fond of reminding UK and European government officials that the conditions for technology investment are so much more favorable to BAE on the other side of the Atlantic.