This news is a bit late, but BAE have anounced an intention to be taken over (they say “merge” but that is plainly just spin) by either Boeing or Lockheed.
From an airliner perspective, BAE owns 20% of Airbus which would be very interesting if acquired by Boeing! EADS seem hopping mad about the very notion of it all.
Full story – http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2003/06/08/cnbae08.xml (you may have to register)
By: mongu - 10th June 2003 at 19:09
No, I’d think they will try and keep their 20% stake. They have valuable work for Airbus and argubly they do some of the most hi-tech part of the work – the wings.
There is no reason why they would want to stop that, unless the competition authorities felt that it was unfair.
In a related story, BAE are supposedly looking to buy/merger with Thales, although Thales deny this.
One thing is for sure – they are keen to buy someone or be bought, whatever works out best.
By: KabirT - 10th June 2003 at 17:03
Well….i bet BAe will place constrains on there 20% stake in Airbus before the merger.
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June 10, 2003 at 2:09 pm