The firm said 330 jobs will be lost through the closure of the site at Newcastle-upon-Tyne, which is currently making Terrier vehicles for the Army.
Up to 280 further jobs will also be lost at three BAE sites in Radway Green, near Crewe, Washington in the North East and Glascoed in South Wales under the proposals, as well as the prospect of 10 job cuts at the firm's head office in Hampshire.
The factory has been a defence manufacturing site since 1847, building a number of ships and employing tens of thousands of workers in its heyday.
More top news
More than 80% of samples from Asda tested positive for campylobacter, while Tesco was the best performing supermarket.
The boy was reportedly only discovered missing when the bus returned to the school and the boy's mum was waiting for him.
A new species of ancient human that lived nearly four million years ago has been unearthed by a team of scientists in Ethiopia.