- 11 updates
Defence Secretary Philip Hammond said a "number of things" stopped the merger deal between BAE Systems and EADS.
Mr Hammond added that despite the deal falling through, the British defence company still had a "great future".
You can see the interview with Mr Hammond on the ITV News website.
Defence Secretary Philip Hammond said the merger of defence giant BAE Systems and European rivals EADS collapsed because it was "too difficult" to reconcile the differences of the governments involved.
The chief executive of BAE Systems says he is "disappointed" the potential merger the company and EADS, who make Airbus aircraft has been cancelled.
BAE Systems and EADS have terminated discussions over a potential merger, the two companies confirmed today.
Latest ITV News reports
BAE Systems stepped up its efforts to reassure staff, customers and investors today in the wake of its abandoned attempt to merge with EADS.
Plans to create a European aerospace and defence giant were in tatters tonight after German opposition scuppered the £28 billion deal.