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Business/Financial

BAE, EADS Confirm Discussion On Potential Merger; Say U.S. Would Benefit

Defense Daily Staff

Thursday, September 13th, 2012

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Two of the world’s largest aerospace and defense contractors, Britain’s BAE Systems and the European Aeronautic Defence and Space Co. (EADS), yesterday confirmed that they are in discussions about a potential combination that would still leave both as separate publicly traded entities. The combination, if it occurs, would result in the world’s largest aerospace and defense company and would have a significant global operational footprint, particularly in Europe and the United States. The two companies combined for $94.1 billion in…

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