Holding(s) in Company

BAE SYSTEMS PLC
16 December 2002

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES
AVS NO


        All relevant boxes should be completed in block capital letters.

1.        Name of company                           2.     Name of shareholder having a major interest

          BAE SYSTEMS plc                                  The Capital Group Companies, Inc


3.        Please state whether notification         4.     Name of the registered holder(s) and, if more than one
          indicates that it is in respect of               holder, the number of shares held by each of them
          holding of the shareholder named in 2
          above or in respect of a non-beneficial          Capital Guardian Trust - 150,992,977
          interest or in the case of an individual
          holder if it is a holding of that                Capital International Limited - 67,449,033
          person's spouse or children under the age
          of 18                                            Capital International SA - 15,293,567

          See 2 above.                                     Capital International, Inc - 9,926,899




5.        Number of shares/     6.      Percentage  7.     Number of shares/     8.     Percentage of issued class
          amount of stock               of issued          amount of stock
          acquired                      class              disposed

          __                                               __

                                        __                                              __

9.   Class of security                        10.              Date of     11.                Date company informed
                                                               transaction

                                                               N/A
                                                                                              13 December 2002

     Ordinary shares of 2.5p
12.       Total holding following this notification 13.              Total percentage holding of issued class following
                                                                     this notification
          243,592,476
                                                                     7.96%

14.       Any additional information                15.    Name of contact and telephone number for queries

          __

                                                           David Parkes 01252 383857






16.       Name and signature of authorised company official

          responsible for making this notification

          David Parkes


Date of notification _______16th December 2002


    Company Announcements Office, Old Broad Street, London EC2N 1HP

    Facsimile:020 7588 6057, 020 7334 8964/8965/8966 (PLEASE DO NOT POST)

    Enquiries: Company Monitoring and Enquiries: UK Listing Authority





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