Wednesday, October 3, 2012

EADS-BAE HQ an issue

France and Germany are at odds over the location of the headquarters for a new aerospace giant with the planned merger of Europe's EADS and the UK's BAE Systems. Reuters, citing sources, said France wants the headquarters in Toulouse, its southwestern aerospace capital where the Airbus subsidiary of EADS is based. Germany wants it near Munich. It's just another hurdle to overcome before the Oct. 10 deadline. (Source: Reuters, 10/02/12) Gulf Coast note: EADS and BAE Systems both have operations in the Gulf Coast region.