Holding(s) in Company

BAE SYSTEMS PLC
18 March 2002

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

BAE SYSTEMS plc

2) Name of shareholder having a major interest

BRANDES INVESTMENT PARTNERS, L.P.

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

SHAREHOLDER 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

NOT DISLOSED OTHER THAN THAT THE REGISTERED HOLDERS ARE APPROXIMATELY 505
CUSTODIAN BANKS UNAFFILIATED WITH BRANDES

5) Number of shares/amount of stock acquired

N/A

6) Percentage of issued class

N/A

7) Number of shares/amount of stock disposed

N/A

8) Percentage of issued class

N/A

9) Class of security

ORDINARY SHARES OF 2.5P EACH

10) Date of transaction

NOT DISCLOSED. FIGURES GIVEN AS AT 8 MARCH 2002

11) Date company informed

18 MARCH 2002

12) Total holding following this notification

131,456,733 ORDINARY SHARES

27,895,148 AMERICAN DEPOSITARY RECEIPTS (representing 111,580,592 underlying
ordinary shares)


13) Total percentage holding of issued class following this notification

8.0%

14) Any additional information



15) Name of contact and telephone number for queries

ANN-LOUISE HOLDING [phone]

16) Name and signature of authorised company official responsible for
making this notification

ANN-LOUISE HOLDING, ASSISTANT COMPANY SECRETARY


Date of notification ....................20.....18 MARCH 2002



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