Aug
23
The European Aviation History EADS
Filed Under Airlines
The European Aeronautic Defence and Space Company NV (EADS) is a large European aerospace corporation, formed by the merger on 10 July 2000 of DaimlerChrysler Aerospace AG (DASA) of Germany, Aérospatiale-Matra of France, and Construcciones Aeronáuticas SA (CASA) of Spain. The company develops and markets civil and military aircraft, as well as communications systems, missiles, space rockets, satellites, and related systems. The company is headquartered in the Netherlands in Schiphol-Rijk and operates under Dutch law. History The 1997 merger of American corporations Boeing and McDonnell Douglas, which followed the forming of Lockheed Martin, the world’s largest defense contractor in 1995, increased the pressure on European defense companies to consolidate. In June 1997 British Aerospace Defence Managing Director John Weston commented “Europe… is supporting three times the number of contractors on less than half the budget of the US”. European governments wished to see the merger of their defence manufacturers into a single entity, a European Aerospace and Defense Company. As early as 1995 the German aerospace and defence company DaimlerChrysler Aerospace (DASA) and its British counterpart British Aerospace were said to be keen to create a transnational aerospace and defense company. The two companies envisaged including Aérospatiale, the other major European aerospace company, but only after its privatisation. The first stage of this integration was seen as the …