The alternative proposals, to be presented in Glasgow next week, "will play a key role in helping to ensure the long-term future of its ship building business," in Govan and Scotstoun, Scotland, the company said.
The first option is a single-site strategy. A new state-of-the-art manufacturing facility to be built at Scotstoun would feature a modern dock hall, steelwork preparation facility, steelwork fabrication facility, paint cell, supporting offices and employee welfare facilities and a quay, which would enable ship blocks and equipment to be transported by sea.
Construction under this option would begin in 2015 and last two years.
The second plan involves expanding and improving existing facilities at Govan and Scotstoun.
Construction work at Govan would include extensions to the existing fabrication and main ship build halls, construction of new paint cell and outfit halls and leveling of existing berths to create a new transfer quay.
"Our vision is to create 21st century complex warship capability that will deliver value for money for our customers and attract and retain the very best talent, helping to secure the long-term future of this highly skilled industry in the UK," said Charlie Blakemore, Business and Transformation director at BAE Systems Maritime -- Naval Ships. "The proposed facilities are a key part of this and will offer significant benefits including modern, safer working environments, increased efficiency and competitiveness, generating a step change in capability"
BAE Systems in November announced it proposes to consolidate shipbuilding operations in Glasgow.