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Walter Mondale

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Walter Frederick "Fritz" Mondale (born January 5, 1928 in Ceylon, Minnesota) is an American politician and member of the Democratic-Farmer-Labor Party. He was the 42nd US Vice President (1977-1981) under President Jimmy Carter. He was also a two-term US Senator from Minnesota and the Democratic Party nominee for president in 1984 against the incumbent, Republican Ronald W. Reagan, who was reelected in a landslide when Mondale carried only his home state of Minnesota and the District of Columbia.

Early life

Mondale was born in Ceylon, Minnesota, the son of a Methodist minister. His half-brother was the Unitarian minister Lester Mondale. He was educated at Macalester College in St. Paul and the University of Minnesota, graduating in 1951. He then served two years at Fort Knox, in the U.S. Army during the Korean War. He graduated with a law degree from the University of Minnesota Law School in 1956 and began to practice law in Minneapolis.

Entry into politics and U.S. Senator

He managed the re-election campaign of Gov. Orville Freeman, who in return in 1960 appointed Mondale the state's attorney general. He spent two terms as attorney general. When Hubert H. Humphrey II was elected vice president in 1964, Mondale was appointed to Humphrey's seat in the Senate. Mondale was elected to the seat in 1966 and re-elected in 1972.

Mondale gained public notice for his role in the Apollo 1 investigation. He attempted to show that NASA was dangerous and a waste of taxpayer money. His ultimate goal was that this money should be directed into social services. Many people came away from the experience with the belief that Mondale was on a witch-hunt.

42nd Vice President

When Jimmy Carter won the Democratic nomination for president in 1976, he chose Mondale as his running mate. Mondale was inaugurated as vice president on 20 January 1977. He was the first vice president to reside at the official vice presidential residence, Number One Observatory Circle. Carter and Mondale were renominated at the 1980 Democratic National Convention, but lost to Ronald W. Reagan and George H. W. Bush. (See U.S. presidential election, 1976, U.S. presidential election, 1980.)

Presidential nominee of 1984

After a brief return to the practice of law, Mondale won the Democratic presidential nomination in the 1984 election. He chose U.S. Rep. Geraldine A. Ferraro of New York as his running mate, making her the first woman nominated for that position by a major party. Mondale ran a liberal campaign, supporting a nuclear freeze and the Equal Rights Amendment (ERA). He spoke against what he considered to be unfairness in Reagan's economic policies and the need to reduce federal budget deficits.

Mondale shakes hands with Ronald Reagan before a debate in 1984.

When he made his acceptance speech at the Democratic Convention, Mondale said: "Let's tell the truth. Mr. Reagan will raise taxes, and so will I. He won't tell you. I just did." Although he intended this to demonstrate that he was honest while Reagan was hypocritical, it was widely remembered as simply a campaign pledge to raise taxes, and it hurt him in the end. In 1986, Reagan did sign into law a bill that raised taxes for corporations, but at the same time cut taxes further for individual taxpayers.

In the 1984 election, Mondale was defeated in a massive landslide, winning only the District of Columbia and his home state of Minnesota, thus securing only 13 electoral votes to Reagan's 525. Mondale's defeat was the worst for any Democratic Party candidate in history, and the worst for any major-party candidate since Alf Landon's loss to Roosevelt in 1936.

Private citizen and ambassador

Following the election, Mondale returned again to private law practice, with Dorsey & Whitney in Minnesota in 1987. From 1986 to 1993, Mondale was chairman of the National Democratic Institute for International Affairs.

Under the presidency of Bill Clinton, he was ambassador to Japan from 1993 to 1996, chaired a bipartisan group to study campaign finance reform, and was Clinton's representative in Indonesia in 1998.

2002 election

Mondale talks during a debate with Norm Coleman in 2002.

In 2002, Democratic US Senator Paul Wellstone of Minnesota, who was running for re-election, died in a plane crash just 11 days before the Nov. 5 election. Mondale, at age 74, replaced Wellstone on the ballot, but narrowly lost the election to the conservative Republican opponent Norm Coleman. Upon conceding the election, Mondale said, "At the end of what will be my last campaign, I want to say to Minnesota, you always treated me well, you always listened to me". Mondale finished with 1,067,246 votes (47.34%) to Coleman's 1,116,697 (49.53%) out of 2,254,639 votes cast. Mondale set a political record of sorts as a result of this loss, becoming the only major party candidate in U.S. history to lose statewide elections in all 50 states (having won only Minnesota in the 1984 election).

Norwegian ancestry

Mondale has always maintained strong ties to his ancestral Norway. Coincidentally, when he entered the Senate in 1964 he took over the seat of vice president Hubert Humphrey, another Norwegian-American. In later years Mondale has served on the executive committee of the Peace Prize Forum, an annual conference co-sponsored by the Norwegian Nobel Institute and five Midwestern colleges of Norwegian heritage. In connection with Norway's Centennial Celebration in 2005, he chairs the committee to promote and develop cultural activities between Norway and Norwegian-American organizations. During the 1984 Presidential election he was even nicknamed "Norwegian wood", a play on the Beatles song, his ancestory and his appearance.

Mondale's 45 year old daughter, Eleanor, is a television personality, who is currently battling brain cancer.


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Mondale's 45 year old daughter, Eleanor, is a television personality, who is currently battling brain cancer. Some are:. During the 1984 Presidential election he was even nicknamed "Norwegian wood", a play on the Beatles song, his ancestory and his appearance. This is not a complete list, only major projects are included. In connection with Norway's Centennial Celebration in 2005, he chairs the committee to promote and develop cultural activities between Norway and Norwegian-American organizations. The company either leads or has a major stake in some of the most high profile, high technology civil and military aerospace and maritime projects in the world. In later years Mondale has served on the executive committee of the Peace Prize Forum, an annual conference co-sponsored by the Norwegian Nobel Institute and five Midwestern colleges of Norwegian heritage. BAE Systems is in an enviable position.

Coincidentally, when he entered the Senate in 1964 he took over the seat of vice president Hubert Humphrey, another Norwegian-American. Primary businesses are; airborne radar systems, Electronic Warfare (EW) systems, military lasers and electro-optical systems. Mondale has always maintained strong ties to his ancestral Norway. SELEX S&AS incorporates the majority of the former BAE Systems Avionics business. history to lose statewide elections in all 50 states (having won only Minnesota in the 1984 election). SELEX Sensors and Airborne Systems (SELEX S&AS), a joint venture with Finmeccanica in which BAE Systems has a 25% stake, was formed in May 2005 (see Expansion & further consolidation. Mondale set a political record of sorts as a result of this loss, becoming the only major party candidate in U.S. The remaining shares are held by EADS (37.5%) and Finmecannica (25%).

Mondale finished with 1,067,246 votes (47.34%) to Coleman's 1,116,697 (49.53%) out of 2,254,639 votes cast. BAE Systems holds a 37.5% share interest in the World's secong largest missile systems manufacturer, MBDA. Upon conceding the election, Mondale said, "At the end of what will be my last campaign, I want to say to Minnesota, you always treated me well, you always listened to me". This co-operation dates back to 1995 when Saab and British Aerospace established a joint venture for Gripen export marketing. Mondale, at age 74, replaced Wellstone on the ballot, but narrowly lost the election to the conservative Republican opponent Norm Coleman. Formed in 2001, Gripen International is a joint company for the marketing of the JAS-39 Gripen fighter. 5 election. The company is based in Bremen.

In 2002, Democratic US Senator Paul Wellstone of Minnesota, who was running for re-election, died in a plane crash just 11 days before the Nov. Atlas Elektronik, a German marine systems business, is a wholly owned subsidiary of BAE Systems. Under the presidency of Bill Clinton, he was ambassador to Japan from 1993 to 1996, chaired a bipartisan group to study campaign finance reform, and was Clinton's representative in Indonesia in 1998. The company provides vehicle management, power systems, guidance and control interfaces for vehicles, aircraft and UAVs. From 1986 to 1993, Mondale was chairman of the National Democratic Institute for International Affairs. Platform Solutions is based in the US as part of BAE Systems North America with facilities in the UK. Following the election, Mondale returned again to private law practice, with Dorsey & Whitney in Minnesota in 1987. This company is responsible for BAE Systems’ extensive range of underwater warfare products:.

Mondale's defeat was the worst for any Democratic Party candidate in history, and the worst for any major-party candidate since Alf Landon's loss to Roosevelt in 1936. The order for the initial batch of three ships was place in 1997, with Vickers Shipbuilding and Engineering, since absorbed into BAE Systems . In the 1984 election, Mondale was defeated in a massive landslide, winning only the District of Columbia and his home state of Minnesota, thus securing only 13 electoral votes to Reagan's 525. The Astute class is a new generation of nuclear attack submarine (SSN) for the Royal Navy. In 1986, Reagan did sign into law a bill that raised taxes for corporations, but at the same time cut taxes further for individual taxpayers. The submarines are constructed at BAE Systems’ yard at Barrow-in-Furness. I just did." Although he intended this to demonstrate that he was honest while Reagan was hypocritical, it was widely remembered as simply a campaign pledge to raise taxes, and it hurt him in the end. BAE Systems Submarines, until 2003 a unit within BAE Systems Marine, is responsible for the development and production of the Astute class submarine.

He won't tell you. An important part of the company is Property & Environmental Services which manages BAE Systems’ own property and provides specialist services such as defence site decommissioning. Reagan will raise taxes, and so will I. Shared Services also manages BAE Systems’ Advanced Technology Centre and the company’s IT & e-services contracts. Mr. It manages BAE Systems’ car and aircraft fleets, employee payroll, services and benefits. When he made his acceptance speech at the Democratic Convention, Mondale said: "Let's tell the truth. BAE Systems Shared Services is the group with BAE Systems responsible for managing resources and directing operations.

He spoke against what he considered to be unfairness in Reagan's economic policies and the need to reduce federal budget deficits. While this unit no longer produces aircraft it continues to lease aircraft and provide support, spares and training for its products, the. Mondale ran a liberal campaign, supporting a nuclear freeze and the Equal Rights Amendment (ERA). BAE Systems Regional Aircraft produced the last fully UK-built airliner in November 2001, the Avro RJX (formerly the BAE 146). Ferraro of New York as his running mate, making her the first woman nominated for that position by a major party. Businesses purchased in the US by the former GEC businesses before the merger and BAE Systems after the merger include:. Geraldine A. This has led to a situation where BAE Systems' North American operations now account for approximately 30% of the company’s profits while its UK operations (its "home market") now accounts for less than 25%.

Rep. This is important due to the unmatched $400bn spent on defence by the US government. He chose U.S. Perhaps the single most important division of BAE Systems, it is the business which gives BAE Systems access to the American aerospace and defence market. After a brief return to the practice of law, Mondale won the Democratic presidential nomination in the 1984 election. BAE Systems North America’s headquarters are in Rockville, Maryland and the division has facilities in 30 US states and Washington D.C. presidential election, 1980.). As well as services, construction products include:.

presidential election, 1976, U.S. At the same time the Barrow shipyard, BAE Systems Marine (VSEL), became part of BAE Systems Submarines (see below). (See U.S. This new company took the surface vessel shipyards at Scotstoun and Govan, formerly part of BAE Systems Marine. Bush. Formed in 2003 BAE Systems Naval Ships was formed to centralise BAE Systems' shipbuilding operations. W. With the acquisition of United Defense Industries in 2005 Land Systems became part of BAE Systems Land and Armaments, based in Arlington, VA, USA.

Reagan and George H. BROACH), Multiple Launch Rocket Systems, Tank and Artillery Ordnance, Electronic Systems. Carter and Mondale were renominated at the 1980 Democratic National Convention, but lost to Ronald W. This group provides Armoured vehicles, explosives, Artillery Ammunition, Mortars, Small Arms, Naval Ammunition Launchers, Warheads (e.g. He was the first vice president to reside at the official vice presidential residence, Number One Observatory Circle. BAE Systems Land Systems was created in 2004 to consolidate BAE Systems’ land warfare systems expertise by bringing together RO Defence and the newly acquired Alvis Vickers. Mondale was inaugurated as vice president on 20 January 1977. The RAF Tornado GR4 upgrade is an excellent example of the work undertaken by the CS&S division.

When Jimmy Carter won the Democratic nomination for president in 1976, he chose Mondale as his running mate. BAE Systems Customer Solutions & Support (CS&S) provides through life support and upgrades for defence forces. Many people came away from the experience with the belief that Mondale was on a witch-hunt. The division is a major supplier of defence electronics, integrated command & control (C²) systems, radar, simulators, meteorological systems, data links and C4ISR battle management systems. His ultimate goal was that this money should be directed into social services. BAE Systems Integrated System Technologies (to be known informally as Insyte) was formed on May 3, 2005 by bringing together BAE Systems' interests in C4ISR and the UK operations of AMS following the Eurosystems Transaction (see Expansion & further consolidation for further details). He attempted to show that NASA was dangerous and a waste of taxpayer money. Air Systems manages BAE Systems’ military aircraft projects, primarily:.

Mondale gained public notice for his role in the Apollo 1 investigation. Airbus UK started work on the wings for the Airbus A380 in August 2002. Mondale was elected to the seat in 1966 and re-elected in 1972. In 2001 Airbus Industrie became Airbus S.A.S., the Airbus Integrated Company. Humphrey II was elected vice president in 1964, Mondale was appointed to Humphrey's seat in the Senate. In 1979 BAe rejoined the Airbus consortium. When Hubert H. The British government withdrew support in 1969 but Hawker Siddeley was allowed to continue as supplier of the aircraft's wings due to the advanced stages of design and the reluctance of other nations to take over the wing design.

He spent two terms as attorney general. Hawker Siddeley (which merged with British Aircraft Corporation (BAC) in 1977 to form British Aerospace) was part of the first Airbus projects, the Airbus A300. Orville Freeman, who in return in 1960 appointed Mondale the state's attorney general. Filton is also home to a retired Concorde. He managed the re-election campaign of Gov. Airbus UK has two main sites; Broughton in North Wales carries out final assembly and Filton produces components and wing sections. He graduated with a law degree from the University of Minnesota Law School in 1956 and began to practice law in Minneapolis. Airbus UK is a wholly owned subsidiary of BAE Systems and produces wings for the Airbus aircraft family.

Army during the Korean War. It's not just business, it's political." [5]. He then served two years at Fort Knox, in the U.S. This is a business that takes time to understand. Paul and the University of Minnesota, graduating in 1951. Turner did suggest however that Olver was on a learning curve, "He'll fully understand it [in 5 years]. He was educated at Macalester College in St. In June 2005 Turner heightened investor concerns of boardroom tensions by crticising Olver's knowledge of the defence industry, "[he] has a low knowledge base and knows nothing about our industry" [4].

His half-brother was the Unitarian minister Lester Mondale. These suggest that Olver has been involving himself in parts of the business which a Chairman traditionally hasn't. Mondale was born in Ceylon, Minnesota, the son of a Methodist minister. Reports in 2005 have suggested that relations between the Chairman (Olver) and CEO (Turner) are strained. . Harry Stonecipher, former CEO of Boeing, has criticised the vertical integration of BAE Systems. Reagan, who was reelected in a landslide when Mondale carried only his home state of Minnesota and the District of Columbia. This review will advise the group on what its strategy should be and hence what acquisitions or disposals it needs to make.

He was also a two-term US Senator from Minnesota and the Democratic Party nominee for president in 1984 against the incumbent, Republican Ronald W. In July, 2004 Olver announced a review of all of BAE Systems' activities, which will be conducted by independent analysts lead by investment bank Morgan Stanley. He was the 42nd US Vice President (1977-1981) under President Jimmy Carter. We think it is good to be taking a fresh look at things." [3]. Walter Frederick "Fritz" Mondale (born January 5, 1928 in Ceylon, Minnesota) is an American politician and member of the Democratic-Farmer-Labor Party. Significantly the first meeting between Olver and Hoon is said to have gone well, a MoD official has said "He is a man we can do business with. It is understood that Turner, like Evans, has a poor working relationship with senior Ministry of Defence officials, including the Defence Secretary Geoff Hoon.

Weston was forced out in what was a surprise move. BAE Systems' CEO is Mike Turner, who replaced John Weston in 2002. BAE Systems took a hit of $1.369bn on these projects. This was due to cost overruns of the Nimrod MR4 maritime reconnaissance/attack aircraft and the Astute SSN projects.

This appointment came at a significant time with stock market confidence still recovering from a shock profit warning in December 2002. Dick Olver, formerly the deputy chief-executive of BP, succeeded Sir Richard on July 1, 2004. In late March 2004, after more than 30 years with the company (and its predecessors), BAE Systems' longstanding Chairman Sir Richard Evans announced his successor. In the company's 2003 Annual Report Sir Richard Evans sums up BAE Systems' strategy since the Marconi merger:.

On May 3, 2005, the Eurosystems Transaction was finalised with:. On January 28, 2005 BAE Systems and Finmeccanica announced the intention to dissolve their partnership in the AMS joint venture with AMS' UK and Italian operations to be taken over by the respective partners as arranged through the Eurosystems Transaction. UDI manufactures combat vehicles, artillery systems, naval guns, missile launchers and precision guided munitions. UDI is primarily a land systems manufacturer, boosting BAE Systems' involvement in this sector and its sales in the important North American market.

On March 7, 2005 BAE Systems announced the $3.974bn acquisition of the United States defence company United Defense Industries (UDI). On February 20, 2005 The Observer reported that BAE Systems was considering selling its 20% stake in Airbus to pursue further acquisitions in the US; a BAE Systems source denied any such move. It has been seen as an attempt to keep such a strong competitor "at bay" in BAE Systems' "backyard.". What had seemed a certain win for the US company was stopped by BAE Systems' surprise move.

On June 4, 2004 BAE Systems outbid General Dynamics for Alvis Vickers. As of 2005 the more likely move for BAE Systems' shipbuilding operations is their merger with other British shipyards to form a "Newco" shipbuilding company. BAE Systems without its shipbuilding assets would be a more attractive partner to an American company such as Boeing - which has stated that the shipbuilding operations are of no interest to them. If it decided to sell it was understood that General Dynamics would like to acquire the submarine building facilities at Barrow, while Vosper Thornycroft was said to be interested in the remaining yards.

The company would only say that it was reviewing its operations. In May 2004, it was reported that BAE Systems was considering selling its shipbuilding division, the two Clyde shipyards and the Barrow-in-Furness yard. BAE Systems faces considerably fewer hurdles in this sense than their European counterparts, as there is a high degree of integration between the US and UK defence establishments. This is particularly the case if BAE Systems can win prime-contractor status on a major project.

The company already has $9bn worth of sales to the Pentagon and any further move into the North American market would yield yet more. The appeal of a link with a North American company is irresistible as the US defence market is by far the largest in the world. However, if that were the only stumbling block, it seems likely that BAE Systems would gladly sell its minority share in Airbus to gain a greater share in North American aerospace and defence projects. Later that year the Boeing's Chief Executive denied any possibility of a North American merger on the grounds of "conflict of interest" pertaining to the affiliation with the Airbus consortium.

In June 2003, rumours started to circulate about a possible merger with either Boeing (who acquired BAE Systems' former partner McDonnell Douglas in 1997) or Lockheed Martin. This deal produces nearly half of the company's profits, £411m ($700m) out of £980m in 2003. Of all the company's activities the most profitable are the Al Yamamah contracts to supply and support the Royal Saudi Air Force. With almost total consolidation of the defence industry on the European continent, BAE Systems turned its attention to North America, for example acquiring Lockheed Martin Control Systems, (LMCS) which produces controls for the B-2 Spirit bomber, the C-17 Globemaster strategic transport, the F/A-18, the Boeing 757 and Boeing 767 commercial jets.

Various conditions were attached to approval of the merger between BAe and MES. These Articles include the following requirements:. This shareholding prevents amendments of certain parts of the Articles of Association without the Secretary of State's permission. This special share, with a nominal value of £1, is held on behalf of the Secretary of State for Trade and Industry.

BAE Systems inherited the "special" shareholding that was established when British Aerospace was privatised. Major European companies such as Thales and EADS are unlikely to ever be awarded, for example, a position relative to BAE Systems' involvement in the F-35 Joint Strike Fighter programme. Since the creation of BAE Systems the company has steadily increased its investment in, and its revenues from, the US, while continental European companies have made limited moves into that massive market. This group was joined by Spain’s CASA following an agreement in December 1999.

Following that decision, DASA instead merged with Aerospatiale to create the European Aeronautic Defence and Space Company (EADS). This move, to create what could be described as a UK company compared to what would have been an Anglo-German firm, made the possibility of penetration of the United States (US) defence market more likely. It was widely anticipated that BAe would merge with Germany’s DASA to form a pan-European aerospace giant, however BAe chose instead to merge with GEC’s defence electronics business. The merger had been agreed on April 27, 1999.

It was formed on November 30, 1999 with the merger of British Aerospace (BAe) and Marconi Electronic Systems (MES), the defence arm of The General Electric Company (GEC). . Based in the United Kingdom (UK) the company has extensive worldwide interests, particularly North America. BAE Systems, plc is the world's fourth largest defense contractor [2] and a commercial aerospace products manufacturer.

This is due for delivery around 2018. Future Offensive Air System
BAE Systems seem well placed to provide the replacement for the Tornado in the deep strike role. Royal Navy CVF
Future aircraft carrier, produced together with the Thales Group. Type 45 Destroyer
Next generation Royal Navy air defence destroyer, armed with the PAAMS missile defence system.

Astute class submarine
Next generation Royal Navy nuclear-powered attack submarine. Guns and turrets. Ammunition. 155mm Field Howitzer.

Bofors Defence

    . Mk41 Vertical Launching System (VLS). Crusader. M113 Family.

    M109 Paladin. M3 Bradley Cavalry Fighting Vehicle. M2 Bradley Infantry Fighting Vehicle. CAESAR advanced artillery system.

    Advance Gun System (AGS) for next generation United States Navy surface combatants. United Defense

      .
        . M777 howitzer.

        Challenger II. BAE Systems Land Systems

          . BAE Systems Land and Armaments
            . Sea Harrier FA2
            Marinised Harrier, primarily air defence.

            GR9 is an avionics and weapons upgrade of the standard GR7 to allow carriage of the latest smart weapons, new inertial navigation and Global Positioning Systems. Harrier GR7/GR9
            Offensive support aircraft. Tornado F3
            Primary RAF air defence aircraft (to be replaced by Typhoon). Addition of MBDA's Brimstone and Storm Shadow missiles will increase the potency of the aircraft.

            Tornado GR4
            Primary RAF strike aircraft, recently upgraded from GR1 standard. F-35 Joint Strike Fighter
            Produced with Lockheed Martin Aeronautics and Northrop Grumman. Eurofighter Typhoon
            Produced with EADS and Alenia Aeronautica, advanced air-to-air fighter with air-to-ground capabilities. Suffering from massive cost increases and delays.

            BAE Nimrod MRA4
            Upgraded Nimrod MR2 maritime patrol aircraft. See also T-45 Goshawk, aircraft carrier-ready Hawk variant for the United States Navy. BAE Hawk
            Advanced jet trainer/light attack. Produced through Airbus Military.

            Airbus A400M
            Strategic airlifter to compete with 1st generation C-130 Hercules. Airbus
            BAE Systems manufactures the wings for the entire Airbus family, the A300, A310, A318, A319, A320, A321, A330, A340, A350 (yet to be formally launched) and A380 (right). SELEX Sensors and Airborne Systems (25%). Saab Military Aircraft (20.5%).

            MBDA (37.5%). Eurofighter Jagdflugzeug GmbH (33%). (20%). Airbus S.A.S.

            Acoustics countermeasures. Remote minesweepers. Spearfish torpedo. Stingray torpedo.

            BAe 748. Jetstream. BAe ATP. Avro RJ/BAE 146 family.

            2005 - United Defense Industries. 2004 - ALPHATECH. 2004 - DigitalNet Holdings Inc. 2004 - Boeing Commercial Electronics.

            2004 - STI Government Systems. 2003 - MEVATEC. 2003 - Advanced Power Technologies, Inc (APTI). 2000 - Lockheed Martin Control Systems (LCMS).

            1998 - Tracor. Offshore patrol vessels. Type 45 Destroyer. Royal Navy Future Carrier (CVF).

            CS&S Naval has completed the reactivation of the Royal Navy's Type 22 Frigates for Romania. Past projects include reactivation of the Upholder class, now reactivated as the Victoria Class submarines for the Canadian Government, and Vanguard class upgrades. CS&S Naval provides maintenance, repairs, minor and major refits for naval vessels. This includes simulator construction and support and operation of the RAF’s North Sea Air Combat Manoeuvring Instrumentation (AMCI) Range.

            Training Solutions provides a wide range of services. BAE Systems Australia provides the same services as the wider CS&S organization but is based in Australia. Operational Services provides spares and support for BAE Systems products including the Hawk, VC-10, Canberra, Nimrod and Jaguar aircraft as well as naval products. Nimrod MRA4.

            BAE Hawk. F-35 Joint Strike Fighter. Eurofighter Typhoon. the avionics portions of BAE Systems and Finmeccanica being brought together to form the new SELEX Sensors and Airborne Systems (S&AS) joint venture held by shares of 25% and 75% respectively, with the option for Finmeccanica to later purchase the remaining 25%.

            the communications systems portions of AMS and BAE Systems being sold to Selenia Communications, a division of Finmeccanica. the UK operations of AMS (minus air traffic control and communication systems) being brought together with the C4ISR division of BAE Systems (minus communication systems) to form the new Integrated System Technologies (Insyte) division of BAE Systems. The remit of this job was strictly set out, including the qualifications (length of time with the company etc), access to staff and information, and independence. A compliance officer was appointed by BAE Systems to ensure the new company followed these requirements and procedures.

            Other relevant projects were; the Future Scout & Cavalry System (FSCS)/TRACER Program (“FSCS/TRACER Program”), Skynet 5, Astute class Training Programme and MES shipbuilding projects. An example of this was the initial stages of the Joint Strike Fighter programme where MES was involved in Boeing's X-32 project and BAe supported Lockheed Martin's X-35 bid. Due to the competition of BAe and MES in various major defence projects, the company was ordered to set up various "firewalls" to prevent interaction between the former MES and BAe teams on those projects. the new subsidiaries must not automatically receive sub-contracts.

            BAE Systems must competitively tender sub-contracts, i.e. including external companies) on equal terms. Further these subsidiaries must be available to all potential prime contractors (i.e. The MES shipyards and Marconi Avionics were to be kept as subsidiaries of the new company, with independent financial accounts.

            The CEO and Chairman must be British. The majority of the board must be British citizens. No foreign person, or persons acting together, may hold more than 15% of the company's shares.

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