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Michael Turner (Businessman)Mike Turner, CBE is Chief Executive Officer of the aerospace and defence company BAE SYSTEMS. He received a CBE for services to the Aerospace Industry in the Queen's 1999 Birthday Honours. Turner replaced the previous CEO, John Weston, in March 2002 who was dismissed. Turner has previously been a Chief Operating Officer (COO) of the company, responsible for all of the company's businees units. In a press release announcing Turner's appointment he was described thus: - Mike Turner has a wide experience of all aspects of our business and has been a major contributor to the strategic development of the company.
Both Turner and BAE's previous Chairman, Sir Richard Evans, have had an abrasive relationship with senior Ministry of Defence officials and the Defence Secretary Geoff Hoon. The relationship has deteriorated over cost over-runs and delays to major procurement projects, for example: - Royal Navy Future Carriers (CVF)
BAE was chosen as prime contractor but Thales UK won the design contract and a major role in the project. BAE strongly protested the inclusion of Kellog Brown & Root as "physical integrator". - Eurofighter Typhoon
The UK refused to approve Tranche 2 until the offensive air-to-ground capabilites of the fighter were increased earlier. This negotiating tactic was aimed at its European partners as much as BAE. - 2002 profit warning
BAE announced a shock profit warning in December 2002 related to two major projects, the Astute class submarine and the Nimrod MRA4. BAE took a $1.369Bn hit against these projects. External links
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