Acquisition

BAE SYSTEMS PLC
05 February 2003




BAE SYSTEMS REACHES DEFINITIVE AGREEMENT TO ACQUIRE MEVATEC CORPORATION

BAE SYSTEMS today announced that it has reached a definitive agreement to
purchase all of the stock of MEVATEC Corporation of Huntsville, Alabama for a
maximum $82 million.

MEVATEC is a fast-growing provider of professional technical services to the
Department of Defense; civilian, federal, state and local government agencies;
and commercial businesses. It is a leader in missile defense, joint
interoperability, outsourcing, and business process re-engineering.

The acquisition, which will be funded from existing cash and debt resources,
will complement BAE SYSTEMS established business and will expand the company's
professional services and engineering technology operations.

In addition to its headquarters in Huntsville, Alabama, MEVATEC has facilities
in 13 other locations across the United States and employs 500 people. MEVATEC
had 2002 revenues of approximately $120 million.

Closing of the transaction is expected to occur within 45 days and is subject to
completion of certain regulatory reviews and approvals.


Issued by:
BAE SYSTEMS
London


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