BAE SYSTEMS is a multinational defense products manufacturer.
It was formed on November 30, 1999 with the merger of British Aerospace and Marconi Electronic Systems, which was made up of several divisions of GEC-Marconi in the UK and overseas.
In June 2003, rumors started to circulate about a possible merger with either Boeing (who acquired BAE SYSTEMS's partner McDonnell Douglas in 1997) or Lockheed Martin. Later that year the company'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.
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