EADS, BAE Deal Could Roil U.S. Defense Industry
September 14, 2012
The European Aeronautic Defense and Space Co. and BAE Systems of Britain are in merger talks to create the world's largest aerospace and defense company, the Wall Street Journal reports.
EADS, the parent of aircraft maker Airbus, has struggled to expand in the crowded U.S. market. A deal with BAE, which has a larger American presence, could provide deeper pockets and give Airbus a lift in its rivalry with Boeing. BAE and EADS posted combined revenue of roughly $90 billion last year. Their combined market value is $49 billion.