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Spotlight on Germany as EADS, BAE inch towards deal | Reuters

Spotlight on Germany as EADS, BAE inch towards deal | Reuters: (Reuters) - "EADS and BAE Systems have edged closer towards winning political backing for a $45 billion merger to create the world's biggest arms group amid positive signals from Britain and France, but German misgivings over control is a big obstacle, sources close to the talks
said."

info on EADS from wikipedia: "The European Aeronautic Defence and Space Company N.V. (EADS) is a global pan-European aerospace and defence corporation and a leading defence and military contractor worldwide. The group includes Airbus as the leading manufacturer of commercial aircraft, with Airbus Military covering tanker, transport and mission aircraft; Eurocopter as the world's largest helicopter supplier; Astrium, the European leader in space programmes from Ariane to Galileo; and Cassidian as a provider of comprehensive and integral systems solutions for aerial, land, naval and civilian security applications. Through Cassidian, EADS is a major partner in the Eurofighter consortium as well as a key stakeholder in the missile systems provider MBDA. In 2009, the EADS generated revenues of €42.82 billion and employed 119,500 personnel. EADS was formed on 10 July 2000 by the merger of Aérospatiale-MatraDaimlerChrysler Aerospace AG (DASA), and Construcciones Aeronáuticas SA (CASA). Overall, the company develops and markets civil and military aircraft, as well as communications systems, missiles, space rockets, satellites, and related systems." (My selection)


"On 29 February 2008, the United States Air Force awarded a $35 billion contract for aerial refueling tankers (the KC-45) to Northrop Grumman, with EADS as a major subcontractor. The contract, one of the largest created by the Department of Defense, is initially valued at $35 billion but has the potential to grow to $100 billion." (My selection)

"In 2005 the Norwegian Government Pension Fund recommended the exclusion of several companies producing cluster bombs or components. EADS and its sister company EADS Finance BV were among them, arguing that EADS manufactures "key components for cluster bombs"." (My selection)

Info on BAE from wikipedia: "BAE Systems plc (LSEBA.) is a British multinational defencesecurity and aerospace company headquartered in London,United Kingdom and with operations worldwide. It is among the world's largest defence contractors; it ranked as the third-largest based on applicable 2011 revenues.[3] Its largest operations are in the United Kingdom and United States, where its BAE Systems Inc. subsidiary is one of the six largest suppliers to the US Department of Defense. " (My selection)

"BAE Systems has been under investigation by the Serious Fraud Office, into the use of political corruption to help sell arms to Chile, Czech Republic, Romania, Saudi Arabia, South Africa, Tanzania and Qatar" (My selection)

"In September 2005 The Guardian reported that banking records showed that BAE paid £1 million to Augusto Pinochet, the former Chilean dictator." (My selection)

"BAE has in recent times been criticised for its role in the production of cluster bombs, due to the long term death/injury risks they cause to civilians; cluster bombs behave similar to land mines.[citation needed] However, after pressure campaigns from various human rights groups, BAE recently stated it no longer produces land mines or cluster bombs.[178]" (My selection)



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