Acquisition

BAE SYSTEMS PLC
26 October 2004



26 October 2004


BAE SYSTEMS plc COMPLETES ACQUISITION OF DIGITALNET HOLDINGS Inc.

BAE Systems North America has completed the acquisition of DigitalNet Holdings
Inc., for approximately $600 million in cash with the assumption of DigitalNet's
debt of $93.25 million. DigitalNet is a leading provider of managed network
services and information assurance solutions to the federal government including
national intelligence agencies and the Departments of State, Justice, Treasury,
Homeland Security and Defense and expands BAE Systems' capabilities in managed
information technology and information assurance.

DigitalNet, which reported sales of $178 million for the six months ending June
30, becomes part of BAE Systems Information Technology, a new business unit
designed to address evolving U.S. national security priorities for enhanced
network centric infrastructure and information sharing among the intelligence,
homeland security, and military communities. BAE Systems Information Technology
also includes the company's Enterprise Systems organisation, creating one of the
largest federal sector information technology providers.


Issued by

BAE Systems plc

London




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