BAE merger deal called off
Major defence firms BAE and EADS are blaming politicians for the collapse of their £25bn merger deal.
BAE: Merger was 'opportunity, not necessity'
A BAE Systems source said the proposed merger was seen as an "opportunity" rather than an "absolute necessity" for the company.
The company has won a number of contracts this year, including:
- £149 million for Typhoon and Tornado support to the RAF
- £446 million for Typhoon support across other countries including Germany, Italy and Spain
- £116 million for production of aircraft fuselage assemblies
- £328 million for the design and development of the replacement Vanguard Class submarine
- £1.6 billion to supply aircrew training to the Royal Saudi Air Force
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BAE board under pressure following EADS merger collapse
It has not taken long since the collapse of the proposed merger with Franco-German company EADS for the BAE board to be put under pressure.
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BAE mega merger called off...at least for now
The EADS and BAE mega merger is not going to go ahead, at least for now.
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BAE and EADS merger deal 'on a knife edge'
Talks between the two major defence companies continued into the night as they look to strike a deal.