The Economist (October 13)
2012/ 10/ 15 by jd in Global News
“The decision made on October 10th by Britain’s BAE Systems, the world’s third-biggest defence firm, and EADS, the Franco-German owner of Airbus, to call off their proposed €38 billion ($50 billion) merger is a bitter blow both to the two companies and to hopes for the emergence of a more integrated European defence and aerospace industry.” Ultimately, it was Angela Merkel who blocked the deal and this was unfortunate. “Germany was wrong to stand in the way of a more integrated European defence and aerospace industry.”
Tags: Aerospace, Airbus, BAE Systems, EADS, Germany, Merger, Merkel, UK
