Holding(s) in Company

BAE SYSTEMS PLC
17 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 - 79,400

Mellon Nominees (UK) Ltd - 1,772,409

ROY Nominees Ltd - 114,000

HSBC Bank plc - 27,100

Citibank NA - 118,481

State Street Bank & Trust Co - 89,400

MSS Nominees Ltd - 230,050

Nortrust Nominees - 18,894,008

Citibank London - 2,422,157

Barclays Bank - 3,342,886

Bankers Trust - 6,998,533

Midland Bank plc - 28,335,815

BT Globenet Nominees Ltd - 1,512,391

Chase Nominees Ltd - 65,914,016

State Street Nominees Ltd - 20,958,851

Bank of New York Nominees Ltd - 3,571,680



Capital International Limited:

Nortrust Nominees - 10,760,102

Bank One London - 854,622

Mellon Nominees (UK) Ltd - 263,000

KAS UK - 71,900

Northern Trust AVFC - 244,000

Mellon Bank N.A. - 708,703

HSBC Bank plc - 3,848,500

Deutsche Bank AG - 3,880,907

Citibank NA - 193,300

Lloyds Bank - 219,700

State Street Bank & Trust Co - 1,302,900

Royal Bank of Scotland - 74,300

Morgan Guaranty - 1,528,000

Citibank London - 305,300

Barclays Bank - 544,879

Bankers Trust - 10,065,000

Midland Bank plc - 428,500

Chase Nominees Ltd - 17,638,131

Northern Trust - 856,700

Bank of New York Nominees - 16,314,376

State Street Nominees Limited - 1,076,400

Clydesdale Bank plc - 292,700

MSS Nominees Limited - 272,900



Capital International S.A.:

Credit Suisse London Branch - 258,300

JP Morgan - 2,304,700

HSBC Bank plc - 550,200

Deutsche Bank AG - 800,792

Citibank NA - 67,400

RBSTB Nominees Ltd - 65,200

Vidacos Nominees Ltd - 550,305

Lloyds Bank - 140,200

National Westminster Bank - 351,100

State Street Bank & Trust Co - 98,300

MSS Nominees Ltd - 101,900

Royal Bank of Scotland - 3,903,094

Morgan Stanley - 123,300

Nortrust Nominees - 82,500

Brown Bros - 93,200

Citibank London - 95,300

Midland Bank plc - 1,589,700

Chase Nominees Ltd - 4,617,929

Bank of New York Nominees - 326,847

State Street Nominees Ltd - 59,900

Barclays Bank - 1,021,900

Capital International, Inc:

Deutsche Bank Mannheim - 47,200

HSBC Bank plc - 68,600

Chase Manhattan Nominee Ltd - 21,800

Deutsche Bank AG - 44,400

Citibank N.A. - 324,300

RBSTB Nominees Ltd - 79,400

Citibank - 43,800

State Street Bank & Trust Co - 379,300

Royal Bank of Scotland - 301,500

Nortrust Nominees - 874,199

Bankers Trust - 28,800

Midland Bank plc - 267,200

Chase Nominees Ltd - 3,321,700

Bank of New York Nominees - 688,500

State Street Nominees Ltd - 3,905,800

Citibank London - 106,800


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 13 December 2002

11. Date company informed
16 December 2002

12. Total holding following this notification
253,831,363 ordinary shares

13. Total percentage holding of issued class following this notification
8.30%

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
17 December 2002

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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.


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