Holding(s) in Company

BAE SYSTEMS PLC
05 July 2006

                   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


JP Morgan Chase Bank                                      172,800
Brown Brothers Harriman and Co                            56,400
JP Morgan Bournemouth                                     30,164,470
Northern Trust London                                     8,321,840
State Str Bk and Tr Co Lndon                              8,130,846
JP Morgan Bournemouth                                     4,031,000
HSBC Bank plc                                             3,367,330
Mellon Bank                                               1,434,000
Bank of New York Brussels                                 1,283,717
Bankers Trust London                                      765,200
Midland Securities Services                               338,200
Chase Manhatn Bk AG Frankfrt                              337,500
JP Morgan Chase Bank                                      182,400
Societe Generale                                          173,200
Dexia Privatbank                                          38,800
Chase Manhattan London                                    36,000
State Street Bank and Tr Co                               13,369,633
Brown Bros Harriman & Co                                  8,285,700
Northern Trust Co                                         5,583,468
Mellon Bank N.A.                                          3,883,509
JP Morgan Chase Bank                                      9,031,400
Bank of New York                                          1,558,700
CIBC Mellon Trust                                         956,437
Royal Trust - Toronto                                     113,844
JP Morgan Chase Bank                                      30,250,404
State Street Bank and Tr Co                               11,013,580
Mellon Bank N.A                                           2,828,085
Northern Trust Co                                         2,136,880
Brown Bros Harriman & Co                                  1,175,200
Northern Trust London                                     462,300
Mellon Bank                                               99,000
JP Morgan Bournemouth                                     12,796,559
Bermuda Trust Far East HK                                 957,480
Brown Bros Harrimn Ltd Lux                                41,228,319
JP Morgan Bournemouth                                     6,814,597
Chase Manhttn Bk AG Frankfrt                              1,404,100
Northern Trust London                                     1,232,530
HSBC Bank plc                                             918,100
State Street Bank and Tr Co                               900,686
BNP Paribas, Paris                                        834,550
JP Morgan, Bournemouth                                    672,200
Bank of New York Brussels                                 564,100
State Street Bank Australia                               524,700
National Astl Bk Melbourne                                340,900
Brown Brothers Harriman and Co                            328,400
Northern Trust Co                                         232,000
BNP Paribas, Paris                                        194,800
Ing Luxembourg                                            109,395
Morgan Stanley, London                                    96,804
Master Trust Bank of Japan                                709,200
Brown Brothers Harriman and Co                            231,030
Nomura Trust and Banking                                  193,500
Trust & Cust Svcs Bk Ltd, Toko                            116,550
Bank of New York Europe Ldn                               1,572,500
CDC Finance                                               513,000
State Street Bank and Tr Co                               1,293,800
State Street Hong Kong                                    76,000




5. Number of shares / amou

nt 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 4 July 2006



11. Date company informed


5 July 2006



12. Total holding following this notification


218,208,443 shares



13. Total percentage holding of issued class following this notification


6.78%



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


5 July 2006




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