AGM Statement

BAE SYSTEMS PLC
04 May 2006



                     BAE Systems plc Annual General Meeting

                                   4 May 2006


Commenting at today's Annual General Meeting of the Company's shareholders, BAE
Systems Chairman, Dick Olver, confirmed that the Company's trading outlook
remained unchanged from that described in the Company's 2005 Report and Accounts
published earlier this year.



However since the Report was published, BAE Systems has announced that it is
looking to sell its minority interest in Airbus and this will now need to be
factored into the outlook for its commercial aerospace sector.


Dick Olver also took the opportunity to thank the Rt. Hon Michael Portillo, who 
retires from the Board today, for his contribution as a non-executive director 
of the Company.



Issued by
BAE Systems plc
London







                      This information is provided by RNS
            The company news service from the London Stock Exchange