Ground Warfare

BAE Systems Unveils $1.9 Billion Economic Impact of Ground Vehicle and Weapon Systems

BAE Systems' Armored Multi-Purpose Vehicle (AMPV)
BAE Systems' Armored Multi-Purpose Vehicle (AMPV)

BAE Systems’ Combat Mission Systems (CMS) business, which focuses on combat vehicle and weapon systems design and manufacturing for the U.S. military, today published its 2022 Economic Impact Report. The report details how the company’s network of manufacturing sites, suppliers, and thousands of employees had a $1.9 billion impact on the U.S. economy and served as a critical source of growth and investment in communities across the country. Through operations at its 12 sites, BAE Systems’ ground vehicle, amphibious vehicle and weapon systems product lines contributed to local families and economies by providing more than 5,000 jobs and strategic partnerships with over 2,000 suppliers across 48 states. For example, BAE Systems’ sites in Elgin, Okla. and Aiken, S.C., key ground vehicle production sites, each contributed more than $50 million to the economy in 2022.

Beyond the workplace, BAE Systems and the 5,000 employees within CMS are proud to support organizations that create positive initiatives in their communities or take part in community outreach that focuses on science, technology, engineering, and mathematics (STEM) education; military service members and veterans; and many other people-driven missions. Across the sites, CMS furthered its local impact through:
More than $580,000 in combined donations to local organizations.
$153,000 in employee donations to charities serving needs in their neighborhoods.
$318,000 in grant programming to more than 60 organizations.
$104,000 in company matched contributions.
Nearly 1,700 volunteer hours for community causes and non-profits.

“Our vast network of sites and strong supplier base are important to the economic prosperity of the local communities we live and work in. As BAE Systems continues to prioritize investments in its industrial network to build the next generation of ground vehicles and weapon systems for our customers, our backbone to produce and innovate—both now and in the future—remains these 12 sites. As part of our community-driven nature, these sites also continue to look for opportunities to give back to their communities, resulting in tangible improvements to the places our people call home,” said Andy Corea, vice president and general manager of BAE Systems’ CMS business.

BAE Systems plc (BAE) is a British multinational arms, security, and aerospace company based in London, United Kingdom. It is the largest defence contractor in Europe, and ranked the seventh-largest in the world based on applicable 2021 revenues. As of 2017, it is the biggest manufacturer in Britain.[6] Its largest operations are in the United Kingdom and United States, where its BAE Systems Inc. subsidiary is one of the six largest suppliers to the US Department of Defense. Other major markets include Australia, Canada, Japan, India, Saudi Arabia, Turkey, Qatar, Oman and Sweden, where Saudi Arabia is regularly among its top three sources of revenue. The company was formed on 30 November 1999 by the £7.7 billion purchase of and merger with Marconi Electronic Systems (MES), the defence electronics and naval shipbuilding subsidiary of the General Electric Company plc (GEC), by British Aerospace, an aircraft, munitions and naval systems manufacturer.

Exit mobile version