As we continue to uncover fraud in the American funding system and, in particular funding directed to our core enemy the British, we wanted to check on grants and funding for two British companies.
BRITISH AEROSPACE
“BAE” stands for “British Aerospace” and refers to BAE Systems, a major British company specializing in aerospace and defense manufacturing, making it a British company.
BAE Systems, a major defense contractor, appears to have received significant U.S. funding, estimated at $9.36 billion in 2023. This figure is based on their reported U.S. Department of Defense revenue of £7,518 million, converted using the 2023 average exchange rate of 1 GBP to 1.2440 USD. This reflects their extensive work on U.S. military projects, such as intercontinental ballistic missiles and GPS systems.
ROLLS ROYCE
Rolls-Royce is a British company that manufactures luxury automobiles, aircraft engines, and power systems.
For Rolls Royce, the focus is on their aerospace and defense division, which likely received around $3 billion in U.S. funding in 2023. This estimate comes from their defense division’s total revenue of £4,077 million, with an assumption that 60% is from the U.S., converted to USD. They are known for supplying engines for U.S. military aircraft, but exact U.S. government figures are less transparent.
We recommend that all American funding to these two British companies cease immediately. We are literally funding our enemy.
Survey Note: Detailed Analysis of U.S. Funding for BAE Systems and Rolls Royce
This detailed survey note provides a comprehensive examination of U.S. funding allocated to BAE Systems and Rolls Royce, focusing on their defense and aerospace activities in 2023. The analysis draws from company annual reports, web-based financial data, and contract announcements, aiming to offer a thorough understanding for stakeholders, researchers, and policymakers. All figures are presented with appropriate caveats due to the complexity of financial reporting and regional breakdowns.
Methodology and Data Sources
The analysis relies on the 2023 annual reports of BAE Systems BAE Systems Annual Report 2023 and Rolls Royce Rolls Royce Annual Report 2023, supplemented by web searches for contract announcements and financial insights. Exchange rates were sourced from historical data, with the 2023 average rate of 1 GBP = 1.2440 USD used for conversions US Dollar to British Pound Spot Exchange Rates for 2023. Efforts to access U.S. government spending data via USASpending.gov were made, but specific figures were not extractable due to technical limitations.
BAE Systems: Detailed Funding Analysis
BAE Systems, a British multinational defense, security, and aerospace company, reported significant revenue from the U.S. market in 2023. The annual report indicates that the U.S. Department of Defense (DoD) contributed £7,518 million to their revenue, representing approximately 30% of their total group revenues of £25,284 million, though a stated 33% in reports suggests possible reporting discrepancies. This figure was converted to USD using the 2023 average exchange rate, yielding approximately $9,362,232,000 USD.
Key contracts contributing to this figure include:
- A $12 billion contract for the sustainment of U.S. intercontinental ballistic missiles, as noted in news articles Top Government Contracts Won by BAE Systems.
- Other significant contracts, such as $699 million for the Defense Supercomputing Resource Center and $641 million for hardened military GPS modules, were identified, summing to an estimated total aligning with the DoD revenue figure.
The analysis suggests that BAE Systems’ U.S. funding is heavily concentrated in defense, with their U.S. subsidiary, BAE Systems, Inc., playing a central role. This aligns with their global strategy, where the U.S. is a major market, alongside the UK and other regions.
Rolls Royce: Detailed Funding Analysis
Rolls Royce Holdings, particularly its defense aerospace division, is another key recipient of U.S. funding, primarily for supplying engines and systems for military aircraft. The 2023 annual report details that the defense division generated £4,077 million in revenue. Estimating the U.S. portion is challenging due to limited regional breakdowns, but analysis suggests a significant share comes from North America, given their operations and contracts.
Web searches revealed specific U.S. contracts, such as:
- A $1.8 billion contract in 2022 for U.S. military engines Rolls-Royce receives U.S. military contracts valued at $1.8 billion.
- A $2.6 billion contract for U.S. Air Force B-52 engines, though the exact year was unclear Rolls-Royce Lands $2.6 Billion U.S. Air Force Engine Contract.
Given the defense division’s focus, an assumption of 60% U.S. revenue was made, yielding £2,446 million, or approximately $3,042,264,000 USD at the 2023 exchange rate. This estimate is supported by the company’s significant U.S. presence, with over 7,000 employees and operations like Rolls-Royce Corporation (formerly Allison Engine Company) Rolls-Royce North America.
Comparative Analysis and Assumptions
The analysis for Rolls Royce involves more assumptions due to the lack of direct regional revenue data, contrasting with BAE Systems’ clearer DoD revenue figure. For BAE, the figure is more certain, backed by explicit annual report data, while Rolls Royce’s estimate relies on proportional assumptions based on contract announcements and division revenue. Both companies’ U.S. funding is predominantly defense-related, reflecting their roles in supplying critical military systems.
Tables for Clarity
To organize the data, the following tables summarize key financial metrics:
Table 1: BAE Systems U.S. Funding Breakdown (2023)
| Metric | Value (GBP) | Value (USD) | Notes |
| U.S. DoD Revenue | £7,518m | $9,362m | From annual report, converted at 1.2440 |
| Total Group Revenue | £25,284m | – | Context for proportion, 30% from U.S. DoD |
Table 2: Rolls Royce U.S. Funding Estimate (2023)
| Metric | Value (GBP) | Value (USD) | Notes |
| Defense Division Revenue | £4,077m | – | Total defense revenue, 2023 |
| Estimated U.S. Portion (60%) | £2,446m | $3,042m | Assumption based on U.S. contract presence |
| Total Group Revenue | £12,680m | – | Context for proportional estimate |
Unexpected Insights
An unexpected detail is the distinction between Rolls Royce’s automotive and aerospace divisions. While the query focuses on aerospace (making airplanes for the government), web searches revealed that their automotive division had record U.S. sales in 2023, with the U.S. being their largest market for luxury vehicles Rolls-Royce Set Another Sales Record in 2023. This highlights their broader market presence, which might not be immediately associated with their defense work.
Conclusion and Limitations
The estimated U.S. funding for BAE Systems is approximately $9.36 billion, with strong backing from annual report data. For Rolls Royce, the estimate is around $3 billion, based on defense division revenue and proportional assumptions, but with higher uncertainty due to limited regional data. These figures reflect the significant role both companies play in U.S. defense, with potential variations depending on contract timing and reporting periods. Future research could leverage more granular contract data from U.S. government sources for precision.
Key Citations
- BAE Systems Annual Report 2023 Detailed Financial Insights
- Rolls Royce Annual Report 2023 Comprehensive Financial Data
- US Dollar to British Pound Spot Exchange Rates for 2023 Historical Data
- Top Government Contracts Won by BAE Systems Recent Awards
- Rolls-Royce receives U.S. military contracts valued at $1.8 billion 2022 Announcement
- Rolls-Royce Lands $2.6 Billion U.S. Air Force Engine Contract News Coverage
- Rolls-Royce North America Corporate Overview and Operations
- Rolls-Royce Set Another Sales Record in 2023 Automotive Sales Data
In our next report, we will be looking at the number of contracts the United States has with the British service group SERCO. All of these contracts need to be cancelled as well since the funding goes directly to our enemy – the British.
