Holding(s) in Company

BAE SYSTEMS PLC
11 December 2002

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
BAE SYSTEMS plc

2. Name of shareholder having a major interest
The Capital Group Companies, Inc. on behalf of its affiliates, including Capital 
International Inc., Capital International S.A., Capital International Limited, 
and Capital Guardian Trust Company

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
Capital Guardian Trust Company:

Royal Bank of Scotland - 64,600

Mellon Nominees (UK) Ltd - 1,431,709

ROY Nominees Ltd - 89,600

HSBC Bank plc - 23,000

Citibank NA - 89,081

State Street Bank & Trust Co - 71,600

MSS Nominees Ltd - 180,250

Nortrust Nominees - 14,856,108

Citibank London - 1,800,057

Barclays Bank - 2,697,586

Bankers Trust - 5,712,033

Midland Bank plc - 23,747,815

BT Globenet Nominees Ltd - 1,209,591

Chase Nominees Ltd - 51,707,516

State Street Nominees Ltd - 17,115,951

Bank of New York Nominees Ltd - 2,850,680



Capital International Limited:

State Street Bank & Trust Co - 845,300

State Street Nominees Ltd - 312,600

Mellon Nominees (UK) Ltd - 263,000

Bank One London - 476,822

KAS UK - 11,700

Mellon Bank N.A. - 449,603

HSBC Bank plc - 2,658,100

Deutsche Bank AG - 2,301,007

Citibank NA - 129,200

Lloyds Bank - 130,700

Royal Bank of Scotland - 52,400

Nortrust Nominees - 6,241,302

Morgan Guaranty - 996,500

Citibank London - 243,400

Barclays Bank - 517,479

Bankers Trust - 7,146,600

Midland Bank plc - 261,600

Chase Nominees Ltd - 12,021,544

Bank of New York Nominees - 10,878,076

Clydesdale Bank plc - 102,100

Northern Trust - 623,100



Capital International S.A.:

JP Morgan - 1,413,000

Deutsche Bank AG - 523,992

Citibank NA - 67,400

Credit Suisse London Branch - 177,800

RBSTB Nominees Ltd - 56,700

Vidacos Nominees Ltd - 485,705

Lloyds Bank - 41,100

National Westminster Bank - 307,100

State Street Bank & Trust Co - 70,000

HSBC Bank plc - 356,300

MSS Nominees Ltd - 90,600

Royal Bank of Scotland - 1,474,594

Morgan Stanley - 110,100

Nortrust Nominees - 45,100

Brown Bros - 39,900

Citibank London - 70,000

Midland Bank plc - 1,019,900

Chase Nominees Ltd - 2,452,929

Bank of New York Nominees - 130,147

State Street Nominees Ltd - 52,000

Barclays Bank - 647,800

Capital International, Inc:

HSBC Bank plc - 23,400

State Street Nominees Ltd - 602,400

Chase Nominees Limited - 47,300

Midland Bank plc - 98,800

Nortrust Nominees - 120,499

Royal Bank of Scotland - 129,300

RBSTB Nominees Ltd - 35,100


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 2.5 pence each

10. Date of transaction
Not disclosed. Figures given as at 9 December 2002

11. Date company informed
11 December 2002

12. Total holding following this notification
180,998,276 ordinary shares

13. Total percentage holding of issued class following this notification
5.92%

14. Any additional information
Notification received under s198 CA85

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
11 December 2002

The FSA does not give any express or implied warranty as to the accuracy of this
document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
any such material.


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