Wednesday, September 12, 2012
BAE Systems said it's in talks with EADS about a combination of the two companies, according to Bloomberg. BAE would own 40 percent and EADS, the European Aeronautic, Defence and Space Co., would own the rest. A combination of BAE and EADS, parent of Airbus, would be a return to plans for a single European aerospace business. It would create the world's largest aerospace business. (Source: Bloomberg, 09/12/12) Gulf Coast note: BAE Systems' North American operation is a major defense contractor with operations along the Gulf Coast; EADS has operations in the region as well, including Mobile, Ala., and an American Eurocopter plant in Columbus, Miss.