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Home › Dodgy Deals ›
Dodgy Deal
BAE SystemsUnited Kingdom

Company – On record

This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2019-05-23 07:08:31

Company – On record

This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2019-05-23 07:08:31
Why this profile?

Why this profile?

Weapons of BAE Systems are exported to countries that are known to have authoritarian repressive regimes, are involved in conflicts or are at risk of government corruption. BAE Systems weapons have been used by the Saudi-led coalition in the war in Yemen.

About
Sectors Arms Industry and Trade
Headquarters
Ownership
Subsidiaries
Website https://www.baesystems.com/en/home

BAE Systems is an international defence, aerospace and security company. Its defence sector counts for 98 percent of BAE Systems’ revenue, making it the fourth largest arms producer in the world and the largest in Europe. The company sells most of its products to customers in the USA, UK and Saudi Arabia. BAE Systems is also involved in the research, development, and managing nuclear- and autonomous weapons.

Impacts

Other impacts

Arms exports to controversial countries BAE Systems exports weapons to countries that are considered controversial for arms export such as Bahrain, Iraq, Saudi Arabia, United Arabic Emirates and Jordan, as shown in the Dirty Profits 7 report of Facing Finance. These countries are considered controversial because they are under an EU and/or UN arms embargo, in armed conflict, have an unfree authoritarian regime or are ranked as having the highest risk in relation to government corruption.

BAE Systems also sells weapon systems to Saudi Arabia, a country heavily involved in the armed conflict in Yemen. According to the UN, the ongoing civil war in Yemen has killed or seriously injured at least 15,000 people. There is strong evidence that the Saudi-led coalition acts in violation of International Humanitarian Law. The coalition airstrikes failed to make a distinction between military objectives and civilian objects. Airstrikes have reportedly attacked residential areas, medical facilities, markets and other clearly civilian targets.

BAE Systems continues to deliver weapons to the Saudi-led coalition despite of the evidence of violation of International humanitarian law by this coalition. Since the start of the war in 2015, Armoured Personnel Carriers, training aircrafts, fighter aircrafts and thousands of missiles are exported to particularly Saudi Arabia. This makes Saudi Arabia one of the largest customers of BAE Systems, representing 21% of its sales.

Controversial weapons BAE Systems holds several contracts related to nuclear weapon systems. The company provides information technology services, supplies support and training for the US and UK Navy Trident II nuclear missiles and the US Minuteman III Intercontinental Ballistic Missile (ICBM) system.

BAE Systems is also involved in the development of so-called Lethal Autonomous Weapon Systems (LAWS), that can decide when, against whom and how they will use force without meaningful human intervention. There are serious doubts that these weapon systems will be able to make distinctions between combatants and civilians and are able to assess what kind of force is proportional under international humanitarian law. While fully autonomous weapons are not yet deployed, BAE Systems is experimenting and testing with several weapon systems, particularly large-scale systems.

Financiers
Institution type
Finance type
Year
Governance
Bank policies
Norms & standards
The following bank investment policies apply to BAE Systems:
BNP Paribas
2017-12-31 00:00:00

Defence and security sector policy

Bank policy
2017-12-31 00:00:00 | BNP Paribas
Crédit Agricole
2014-07-29 00:00:00

Arms and defense sector policy

Bank policy
2014-07-29 00:00:00 | Crédit Agricole
Lloyds Banking Group
2019-01-01 00:00:00

Defence sector statement

Bank policy
2019-01-01 00:00:00 | Lloyds Banking Group

Applicable norms and standards

Global Principles for Arms Transfers
Nuclear Non-proliferation Treaty (NPT)
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

ExitArms Update: Do rating agencies reward arms exports to warring states with better ESG ratings?

2023-05-22 | Berlin | Facing Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

New Report: Barclays - Banking on Apartheid

2022-07-14 | Campaign Against Arms Trade, Palestine Solidarity Campaign, War on Want
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Largest European banks bankroll high-risk arms traders

2022-07-12 | PAX
Blog
BankTrack news BankTrack blog Partner news Partner blog

Swedish banks linked to the war in Yemen

The seven largest banks in Sweden continue to finance and invest billions in companies involved in controversial arms exports, for example to countries participating in the Yemen conflict. This is shown in a follow-up report by Diakonia and the Fair Finance Guide.
2020-02-06 | Diakonia, Fair Finance Guide Sweden
Blog
BankTrack news BankTrack blog Partner news Partner blog

Dirty Profits 7 - Out of Control: Irresponsible weapons transfers and future weapon systems

2019-05-22 | Frankfurt am Main | Facing Finance
Resources
Documents
2017-07-28 00:00:00

Deadly Investments

UK bank complicity in Israel’s crimes against the Palestine people
NGO document
2017-07-28 00:00:00 | War on Want
2018-03-30 00:00:00

Don’t Bank on the Bomb

A Global Report on the Financing of Nuclear Weapons Producers
NGO document
2018-03-30 00:00:00 | PAX and ICAN
2018-11-30 00:00:00

Off The Leash

The Development of Autonomous Military Drones in the UK
NGO document
2018-11-30 00:00:00 | Drone Wars UK
2019-05-22 00:00:00

Dirty Profits 7

Out of Control: Irresponsible weapons transfers and future weapon systems
NGO document
2019-05-22 00:00:00 | Facing Finance
2012-12-23 00:00:00

Dirty Profits

Report onCompanies andFinancialInstitutionsBenefi ting fromViolations ofHumanRights
NGO document
2012-12-23 00:00:00 | Facing Finance
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