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News Link • Military Industrial Complex

BAE-EADS merger talks collapse

• Washington Post
The proposed merger of Europe’s biggest defense and aerospace contractors collapsed Wednesday after European political leaders failed to agree on terms.

The combination of London-based BAE Systems and Paris-based European Aeronautic Defence and Space would have created a colossus to rival U.S. giants Lockheed Martin and Boeing, as well as concerns at the Pentagon about such a huge foreign-owned contractor.

 

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