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Airbus eyes fighter jet merger with BAE

Jul. 21, 2018 7:01 PM ETAirbus SE (EADSY) StockBA, LMT, BAESY, EADSY, EADSF, BAESFBy: Yoel Minkoff, SA News Editor14 Comments
  • Airbus (OTCPK:EADSY) is open to a merger of its jet fighter business with that of BAE Systems (OTCPK:BAESY), the Sunday Times reports.
  • It's time to "seriously look at consolidating and coalescing efforts eventually to one," according to CEO Tom Enders. "There's just no room for three different programs, not even for two,"
  • A pan-European military aircraft firm would compete with Boeing (NYSE:BA) and Lockheed Martin (NYSE:LMT) in the U.S.

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