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BAE SYSTEMS Awarded $80 Million In Contracts Related To Korean T-50 Golden Eagle Aircraft

03 Aug 2004

LOS ANGELES, Calif. -- BAE Systems has been awarded contracts worth more than $80 million related to the Republic of Koreas production of the T-50 Golden Eagle military aircraft.

The contracts call for BAE Systems Platform Solutions to deliver flight control computers and hardware kits, control stick assemblies, rate sensor assemblies, accelerometer sensor assemblies, and test equipment. The contracts also provide for in-country production support and training in the Republic of Korea.

BAE Systems, as a subcontractor to Korean Aerospace Industries and LG Innotek Ltd., will begin phase one deliveries in December 2004 and complete them in October 2006. Phase two deliveries will begin in 2006 and be completed in 2010.

The T-50 Golden Eagle is a supersonic, advanced jet trainer and lead-in fighter trainer being jointly developed and produced by Lockheed Martin Aeronautics and KAI for the Republic of Korea Air Force. The T-50 will be used to train pilots to fly current and next-generation fighters and will also be marketed for export.

We are delighted to be part of the team associated with the production of this advanced aircraft, said Tom Herring, vice president of Integrated Solutions for BAE Systems Platform Solutions.

BAE Systems Platform Solutions is a major supplier of subsystems and hardware for the T-50, also providing the aircrafts head-up display and integrated mission display computer.

About BAE SYSTEMS

BAE Systems North America is a high-technology U.S. company employing more than 25,000 people who live and work in some 30 states, the District of Columbia, and the United Kingdom. The company is dedicated to solving its customers needs with highly innovative and leading edge solutions across the defense electronics, systems, information technology, and services arenas.

BAE Systems Platform Solutions serves aerospace and defense prime contractors and end users with capabilities and products that improve operational safety and enhance mission effectiveness. Platform Solutions supports a wide range of military and commercial platforms, including fixed-wing and rotary-wing aircraft, ground vehicles, and unmanned vehicles with capabilities in vehicle management, human-machine interface, precision navigation, all-weather operation, power management, and mission information management. A unit of BAE Systems North America and based in Johnson City, New York, Platform Solutions employs more than 6,000 people at facilities in the United States and United Kingdom.

BAE Systems is an international company engaged in the development, delivery and support of advanced defence and aerospace systems in the air, on land, at sea and in space. The company designs, manufactures and supports military aircraft, surface ships, submarines, radar, avionics, communications, electronics and guided weapon systems. It is a pioneer in technology with a heritage stretching back hundreds of years. It is at the forefront of innovation, working to develop the next generation of intelligent defence systems.

BAE Systems has major operations across five continents and customers in some 130 countries. The company has more than 90,000 people and generates annual sales of approximately 12 billion through its wholly-owned and joint venture operations.

BAE Systems, innovating for a safer world.



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