Congress Keeping Mum on Defense Merger
October 2, 2012
U.S. officials have been keeping quiet in the weeks since news broke of a potential $45 billion merger between BAE Systems and EADS that would create the world’s largest defense and aerospace company.
It’s a stark contrast from government officials in France, Germany and the United Kingdom, which have been engaged in a public debate about the merger as the companies hash out the details ahead of an Oct. 10 British takeover deadline.
While much of the action between the two European companies is happening on the other side of the Atlantic, the talks are occurring with a keen eye cast toward the United States and its defense market.
U.S. officials at the Justice Department and Pentagon will have to sign off on the merger, and Congress will have an opportunity to weigh in as well.