Williams Grand Prix Holdings PLC is a United Kingdom-based holding company. The Company's operations include the design, manufacture and entry of race cars for the Formula One World Championship and the provision of Formula One derived technologies through Williams Advanced Engineering (WAE). Its segments include Formula One, WAE and Other. WAE provides technical innovation, engineering, testing and manufacturing services to its customer base in the automotive, aerospace, defense and energy sectors. The Company is engaged in the commercial application of aerodynamics, advanced lightweight materials, hybrid power systems, electronics, vehicle dynamics, and integration solutions derived from Formula One racing. The Company involves in sponsorship, commercial rights and engineering services. The Company's subsidiaries include Williams Grand Prix Engineering Limited, which is engaged in engineering activities, and WGP Trustees Limited.