BAE SYSTEMS Takes ''Deal of the Year'' Honors at Corporate Growth Awards Gala.ROCKVILLE Rockville, city (1990 pop. 44,835), seat of Montgomery co., W central Md., a NW suburb of Washington, D.C.; settled c.1760s, inc. as a city 1860. It has several scientific research and technology laboratories that focus on the aerospace, electronics, nuclear energy, , Md. -- BAE Systems BAE Systems British manufacturer of aircraft, missiles, avionics, naval vessels, and other aerospace and defense products. BAE Systems was formed (1999) from the merger of British Aerospace (BAe) with Marconi Electronic Systems. has been awarded "Deal of the Year" by the Association for Corporate Growth National Chapter for its acquisition of United Defense. The acquisition was recognized as the largest single aerospace and defense sector transaction of 2005. At the annual awards ceremony, held April 27 in Washington, D.C., Lucy Reilly Fitch fitch: see polecat. , BAE Systems vice president corporate development, accepted the award on behalf of BAE Systems Inc. and its president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Mark Ronald Mark Ronald is an American engineer with strong ties to the defense industry. Until 2007-01-02 he was President & CEO of BAE Systems Inc., the US subsidiary of BAE Systems plc and also served as a board member and Chief Operating Officer of BAE Systems plc. . "During Day One celebrations at some of the former United Defense plants, we saw armored vehicles fresh from Iraq, gutted gut n. 1. a. The alimentary canal or a portion thereof, especially the intestine or stomach. b. The embryonic digestive tube, consisting of the foregut, the midgut, and the hindgut. 2. with holes and moving down the factory floor being refurbished," said Fitch. "It really puts things in perspective - it reminds you that it's not so much about getting bigger, it's about providing the best products for the men and women of the U.S. and allied forces." The "Deal of the Year" award is based on value of the transaction, impact on shareholder value, and impact on market share. The United Defense acquisition positioned BAE Systems as the second leading land systems provider in the world, boosted the company to its present position as the Pentagon's seventh largest prime contractor and increased the company's annual revenue to $28 billion, with 38,000 U.S.-based employees. The Association for Corporate Growth is the premier global association for professionals involved in corporate growth, corporate development and mergers and acquisitions. The National Capital Chapter, one of the largest chapters in the U.S., and its members focus on the mid-Atlantic region and participate in nearly all merger and acquisition activities in the region. About BAE Systems BAE Systems is the premier trans-Atlantic defense and aerospace company, delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, information technology solutions and customer support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . BAE Systems, with more than 100,000 employees worldwide, had 2005 sales that exceeded $28 billion. |
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