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European aerospace giants mull huge merger

from CBC News

British firm BAE Systems and Netherlands-based EADS announced they were in merger talks late Wednesday, a move that would create the largest aerospace and defence contracting firm in the world. EADS, the acronym for the European Aeronautic Space & Defence Co., is best known for producing Airbus commercial jets. With operations across Europe, EADS is valued at roughly $20 billion. London-based BAE builds airplanes and ships, and provides components for F-35 jets and other armaments to the U.S. military and other nations. more


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