EADS And BAE Surprise Market With Merger Plan
EADS and BAE already cooperate in the Eurofighter Typhoon program but their planned merger would create a European defense group to rival their main U.S. competitor Boeing.
EADS and BAE already cooperate in the Eurofighter Typhoon program but their planned merger would create a European defense group to rival their main U.S. competitor Boeing.

BAE surprised stock markets on September 12 with sudden announcement of a planned merger with its fellow European aerospace and defense group EADS, which confirmed a few hours later that the deal is being discussed. Under UK stock market rules, the merger would have to be agreed or abandoned by close-of-business on October 10. It would see EADS emerge as the senior partner with its shareholders holding 60 percent in the combined company and BAE accounting for the remaining 40 percent.