BAE Systems undertakings review
The CMA reviewed the undertakings given by BAE Systems plc following its merger with Marconi Electronic Systems in 1999.
|22 June 2017||Publish final advice|
|10 March 2017||Publish provisional advice|
|Autumn 2016||Hearings with interested parties|
|Summer 2016||Consideration of initial evidence gathering and main party submissions|
|29 July 2016||Review launched and initial request for evidence|
Final advice to release undertakings
22 June 2017: The CMA has now concluded its review and provided, on 12 May 2017, a recommendation to the Secretary of State that BAES should be released from these long-standing undertakings.
- Final advice (22.6.17)
- News story: CMA recommends release of BAES from long-standing undertakings (22.6.17)
Provisional advice to release undertakings
The CMA provisionally considers that BAES should be released from long-standing undertakings as they are no longer appropriate. We will now consult before sending our final advice to BEIS in the spring. The consultation on our provisional advice closes on Monday 27 March 2017.
- Provisional advice (10.3.17)
- News story: CMA consults on provisional advice to release BAES undertakings (10.3.17)
As part of its evidence-gathering process, the CMA is holding formal hearings with a range of industry participants and interested parties.
Review group appointed
4 August 2016: The CMA has appointed the group for the review of the undertakings.
Decision to undertake review
29 July 2016: The Competition and Markets Authority (CMA) has decided to carry out a review of the undertakings given by British Aerospace plc, now BAE Systems plc (BAES) arising from its acquisition of the Marconi Electronic Systems business of General Electric Company plc on 29 November 1999.
The undertakings included measures to safeguard competition and to address national security concerns arising in the defence sector. The undertakings date back to 1999 and the CMA will review if they remain fit for purpose and examine whether there has been a change in circumstances. The CMA will recommend to the Secretary of State at the Department for Business, Energy and Industrial Strategy (BEIS) whether the 2 undertakings in place should be retained, varied or released.
Published: 29 July 2016
Updated: 22 June 2017
Opened: 29 July 2016
Closed: 22 June 2017
- Final advice published.
- Provisional advice published.
- Hearing summaries published.
- Review group appointments added.
- First published.