EADS, BAE in talks to create European aerospace giant

Series Title
Series Details 13.9.12
Publication Date 13/09/2012
Content Type

EurActiv and other sources reported that it emerged in September 2012 that the biggest shake-up in Europe's aerospace and defence sector in more than a decade was being discussed. The United Kingdom's BAE Systems and Airbus-owner EADS said they were in advanced talks to create an industry giant that would overtake rival Boeing in sales and contend with defence cutbacks in Europe and the United States.

EurActiv wrote that despite its advantages, the deal would face numerous regulatory, security and cultural hurdles and its prospects were far from certain.
Source Link http://www.euractiv.com/transport/eads-bae-talks-create-european-a-news-514772
Related Links
BBC News, 13.9.12: BAE Systems and EADS in talks over merger http://www.bbc.co.uk/news/business-19576907
France24, 13.9.12: EADS, Britain's BAE in talks on possible merger http://www.france24.com/en/20120913-europe-eads-britain-bae-talks-possible-merger-defence-planes-manufacturers-usa
The Observer, 16.9.12: In defence, as in finance, the truth is clear – our future lies in Europe http://www.guardian.co.uk/commentisfree/2012/sep/16/will-hutton-eurosceptics-bae-eads
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