Holding(s) in Company

BAE SYSTEMS PLC
07 April 2005

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

BAE SYSTEMS plc

2. Name of shareholder having a major interest

FMR Corp and its direct and indirect subsidiaries, and Fidelity International 
Limited and its direct and indirect subsidiaries

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

State Street Hong Kong - 67,300

Bank of New York Europe Ldn - 6,938,200

Master Trust Bank of Japan - 479,700

Nomura Trust and Banking - 120,400

Trust & Cust Svcs Bk Ltd, Toko - 95,400

Bank of New York Brussels - 259,500

Brown Bros Harrimn Ltd Lux - 42,926,566

Chase Manhttn Bk AG Frankfrt - 905,000

Citibank NA, Hong Kong BR - 84,000

Ing Luxembourg - 74,605

JP Morgan Bournemouth - 2,831,977

National Astl Bk Melbourne - 2,075,564

Northern Trust London - 1,099,230

State Str Bk and Tr Co Lndon - 816,316

State Street Bank Australia - 1,210,300

State Street Bank T&B Co Ltd Tokyo - 95,600

Bermuda Trust Far East HK - 742,147

JP Morgan Bournemouth - 18,226,536

Brown Brothers Harriman and Co - 2,453,649

JP Morgan Chase Bank - 42,069,597

Northern Trust London - 572,700

State Street Bank and Tr Co - 8,454,380

Bank of New York - 862,000

Bank of New York (TA) - 416,800

Brown Bros Harriman & Co - 5,694,000

CIBC Mellon Trust - 647,767

JP Morgan Chase Bank - 2,250,800

Mellon Bank N.A. - 2,472,460

Morgan Stanley and Co Inc - 23,300

Northern Trust Co - 4,634,415

Royal Trust - Toronto - 80,400

State Street Bank and Tr Co - 12,502,806

Bank of New York Brussels - 3,221,807

Bankers Trust London - 824,800

Chase Manhattan London - 56,900

Chase Manhatn Bk AG Frankfrt - 413,200

Citibank London - 765,900

Clydesdale Bank plc - 316,600

Dexia Privatbank - 48,000

HSBC Bank plc - 1,250,530

JP Morgan Bournemouth - 7,222,600

JP Morgan Chase Bank - 233,900

Mellon Bank - 2,097,800

Midland Securities Services - 414,300

Nordea Bank AB - 130,300

Northern Trust London - 8,476,040

Societe Generale - 119,000

State Str Bk and Tr Co Lndn - 6,431,518

State Street Munich - 70,700


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 6 April 2005

11. Date company informed

7 April 2005

12. Total holding following this notification

194,277,310 shares

13. Total percentage holding of issued class following this notification

6.05%

14. Any additional information

Notification received under s198 CA85

15. Name and contact details of authorised company official responsible for
making this notification

Ann-Louise Holding, Assistant Company Secretary (tel: [phone])

16. Date of notification

7 April 2005

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.


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