Friday, September 21, 2012

Boeing: EADS-BAE raises questions

WASHINGTON -- National security and industrial questions would be raised by a merger of EADS and BAE Systems. That's what the head of Boeing's defense operations, Dennis Muilenburg, told Reuters at the annual Air Force Association conference. He said it must be reviewed carefully by regulators. Europe's EADS and the UK's BAE said last week that they are in talks about a $48 billion merger. (Source: Reuters, 09/20/12) 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. Previous