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British Aircraft Corporation
The British Aircraft Corporation (BAC) was a British aircraft manufacturer formed from the government-pressured merger of English Electric, English Electric Aviation Ltd., Vickers-Armstrongs, Vickers-Armstrongs (Aircraft), the Bristol Aeroplane Company and Hunting Aircraft in 1960. Bristol, English Electric and Vickers became "parents" of BAC with shareholdings of 20%, 40% and 40% respectively. BAC in turn acquired the share capital of their aviation interests and 70% of Hunting Aircraft several months later. History Formation BAC's origins can be traced to a statement issued by the British government that it expected the various companies involved in the aircraft, guided weapons and engine industries to consolidate and merge with one another. Furthermore, the government also promised incentives to motivate such restructuring; the maintenance of government research and development spending and the guarantee of aid in launching "promising new types of civil aircraft". One partic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
British Aerospace
British Aerospace plc (BAe) was a British aircraft manufacturer, aircraft, munitions and defence-systems manufacturer that was formed in 1977. Its head office was at Warwick House in the Farnborough Aerospace Centre in Farnborough, Hampshire. It purchased Marconi Electronic Systems, the defence electronics and naval shipbuilding subsidiary of the General Electric Company, in 1999 to form BAE Systems. History Formation and privatisation The company has its origins in the Aircraft and Shipbuilding Industries Act 1977, which called for the nationalisation and merger of the British Aircraft Corporation, Hawker Siddeley Aviation, Hawker Siddeley Dynamics and Scottish Aviation. On 29 April 1977, the new entity was formed in the United Kingdom as a statutory corporation. Under the provisions of the British Aerospace Act 1980 (c. 26), on 1 January the statutory corporation was transferred to a limited company, which then re-registered as a public limited company (plc), under the nam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
