Boards Meet to Consider EADS Deal

October 9, 2012

The boards of Airbus parent European Aeronautic Defence & Space Co. EAD and British defense giant BAE Systems met late Tuesday to discuss their proposed merger before a critical deadline, as senior European officials cited progress in government talks on how the deal would be structured.

French Defense Minister Jean-Yves Le Drian said his government has made progress with Britain and Germany on terms for the proposed linkup. Speaking on the sideline of a summit of North Atlantic Treaty Organization defense ministers in Brussels, he said it remained unclear whether the progress achieved so far was sufficient to satisfy the two companies.

 

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