AGM Statement

BAE SYSTEMS PLC
09 May 2007



                                 BAE SYSTEMS plc

                                 AGM STATEMENT

9 May 2007

Commenting at today's Annual General Meeting of the Company's shareholders, BAE
Systems Chairman, Dick Olver, reiterated the following outlook statement
provided on 7 May 2007:

'The Company has reviewed the current trading outlook and has concluded that,
notwithstanding the translation effects on the financial results of the
Company's US operations arising from recent weakness of the US dollar, BAE
Systems continues to anticipate a further year of good growth in 2007, in
particular from the Land & Armaments sector and from further progress in UK
programmes.  The Company anticipates good operating cash flow again in 2007.'

At the meeting it was also announced that the Board of Directors and Dick Olver
have agreed that Dick Olver's tenure as Chairman will be extended for an
additional three year term.  The additional term is effective from 17 May 2007.

Issued by

BAE Systems plc

London



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