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BAE Systems plc
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=== Corporate Strategy<ref name=":1" /> === BAE Systems has a corporate strategy that builds on their vision and mission. It is comprised of six key long-term areas of focus that will help BAE achieve their vision and mission. It is centred on maintaining and growing their core franchises and securing growth opportunities through advancing their three strategic priorities. ==== 1. Sustain and grow their defence and security businesses ==== * Deliver on commitments effectively and efficiently * Develop offerings to meet the future defence and security needs ==== 2. Continue to grow their business in adjacent markets ==== * Take capabilities into adjacent attractive markets * Develop dual-use opportunities delivering civil solutions to leverage back to meet challenges for defence customers ==== 3. Develop and expand their international business ==== * Mature international activities, broadening offerings to established customers * Develop relations with additional customers ==== 4. Inspire and develop a diverse workforce to drive success ==== * Ensure diversified thinking and harness the full potential of people * Create an environment and proposition in which people will thrive ==== 5. Enhance financial performance and deliver sustainable growth in shareholder value ==== * Seek opportunities to drive efficiency, standardisation and synergies * Identify opportunities for higher-margin offerings ==== 6. Advance and integrate their sustainability agenda ==== * Emphasise the vital role played in protecting countries and civilians and supporting communities * Progress the delivery of their decarbonisation strategy ==== Priorities ==== Serving as a bridge between the long-term strategy and short term objectives, are the strategic priorities. These priorities have been successfully demonstrated by BAE Systems. * Drive operational excellence ** BAE Systems has been part of the F-35 programme since its inception, bringing our expertise into the development, advanced manufacture, electronic warfare systems and sustainment of the world’s largest defence programme. Led by the US, with participation from the UK, Italy, Netherlands, Australia, Canada, Denmark and Norway, this collaborative programme delivers a stealthy, multi-role combat aircraft capable of operating from land and sea to nations across the globe. As a key partner, BAE collaborates with the programme’s prime contractor, Lockheed Martin, to deliver around 15% of each aircraft (excluding propulsion), playing a major role in the development, production and sustainment of each jet. * Continuously improve competitiveness and efficiency ** To improve production efficiency and increase capacity, BAE has embarked on the process of constructing a new, modern ship lift/ land-level ship repair complex at our Jacksonville, Florida shipyard. Once it is fully operational, the complex will feature a ship lift that can easily move vessels in excess of 25,000 tons, and the new land-level repair complex will enable the team to work on three or more ships simultaneously parked ashore with access to their hulls. The $200m (£166m) investment will bring a 300% increase to the shipyard’s current dry-docking capacity and expand the shipyard’s customer diversity by bringing in more commercial work. * Advance and further leverage our technology ** BAE Systems is working with partners to design and deliver a new flying combat air demonstrator, which will play a critical role in the delivery of the UK’s Future Combat Air System. The flagship project is part of a suite of novel technologies being developed by Team Tempest, which will see BAE Systems engineers lead the design, test, evaluation and build process and bring together new digital engineering technologies. The first flight of the demonstrator is set to take place within the next five years.
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