Director Shareholding

BAE SYSTEMS PLC
21 November 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company
BAE SYSTEMS plc

2. Name of director
Mark Ronald

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest
Director named in 2 above

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)
Mark Ronald

5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)
N/A

6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary
Release of shares held under the Investment Share Plan and subsequent part
disposal.

7. Number of shares / amount of stock acquired
64,318

8. Percentage of issued class
Not material

9. Number of shares/amount of stock disposed
26,069

10. Percentage of issued class
Not material

11. Class of security
Ordinary shares of 2.5p each

12. Price per share
Acquisition: nil cost

Disposal: 170.75 pence

13. Date of transaction
21 November 2003

14. Date company informed
21 November 2003

15. Total holding following this notification
145,646 (see also 23 below)

16. Total percentage holding of issued class following this notification
Not significant

If a director has been granted options by the company please complete the
following boxes.

17. Date of grant
N/A

18. Period during which or date on which exercisable

N/A

19. Total amount paid (if any) for grant of the option
N/A

20. Description of shares or debentures involved: class, number
N/A

21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise
N/A

22. Total number of shares or debentures over which options held following this
notification
N/A

23. Any additional information
The director also has interests in contingent awards over 43,079 shares under
the Restricted Share Plan, contingent awards/options over 317,217 shares under
the Performance Share Plan, options over 1,186,124 shares under the Executive
Share Option Schemes, and 20,314 CALS (units of Capital Amortising Loan Stock)

24. Name of contact and telephone number for queries
Ann-Louise Holding [phone]

25. Name and signature of authorised company official responsible for making
this notification
Ann-Louise Holding, Assistant Company Secretary

Date of Notification
21 November 2003


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