Holding(s) in Company

BAE SYSTEMS PLC
04 February 2004

                                  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
Guardian Trust Company, Capital International Limited, Capital International
S.A., Capital International Inc., and Capital Research and Management 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:

State Street Nominees Ltd - 9,264,882

Bank of New York Nominees Ltd - 1,655,642

Chase Nominees Ltd - 28,752,546

BT Globenet Nominees Ltd - 662,391

Midland Bank plc - 7,070,989

Bankers Trust - 2,528,421

Barclays Bank - 1,347,104

Citibank London - 44,838

Nortrust Nominees - 6,325,711

Royal Bank of Scotland - 75,600

MSS Nominees Ltd - 49,100

State Street Bank & Trust Co - 6,400

HSBC Bank plc - 2,900

Mellon Bank N.A. - 229,000

ROY Nominees Limited - 50,500

Mellon Nominees (UK) Limited - 1,343,009

HSBC - 39,200

Capital International Limited:

State Street Nominees Ltd - 245,700

Bank of New York Nominees - 5,668,274

Northern Trust - 110,300

Chase Nominees Ltd - 3,457,307

Midland Bank plc - 342,200

Bankers Trust - 350,700

Barclays Bank - 229,179

Citibank London - 225,900

Morgan Guaranty - 57,100

Nortrust Nominees - 2,340,919

Royal Bank of Scotland - 32,600

State Street Bank & Trust Co - 571,700

Lloyds Bank - 81,800

Deutsche Bank AG - 157,200

HSBC Bank plc - 113,900

Mellon Bank N.A. - 513,903

Northern Trust AVFC - 294,300

KAS UK - 45,300

Bank One London - 41,622

Clydesdale Bank plc - 76,300

Capital International S.A.:

Bank of New York Nominees - 232,547

Chase Nominees Ltd - 1,212,082

Credit Suisse London Branch - 129,900

Midland Bank plc - 187,600

Barclays Bank - 39,900

Citibank London - 60,400

Nortrust Nominees - 35,100

Morgan Stanley - 45,700

Royal Bank of Scotland - 2,092,194

MSS Nominees Ltd - 38,000

JP Morgan - 2,221,200

State Street Bank & Trust Co - 108,500

National Westminster Bank - 291,400

Lloyds Bank - 45,900

Deutsche Bank AG - 442,410

HSBC Bank plc - 131,400



Capital International, Inc:

State Street Nominees Ltd - 1,800

Bankers Trust - 12,200

Citibank London - 2,800

HSBC Bank plc - 38,800



Capital Research and Management Company:

Chase Nominees Limited - 6,471,800


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 2 February 2004

11. Date company informed
4 February 2004

12. Total holding following this notification
88,192,070 shares

13. Total percentage holding of issued class following this notification
2.882%

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
4 February 2004

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for loss of business or loss of profits) arising in contract, tort or otherwise
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it, or from any action or decision taken as a result of using this document or
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