22nd Jul 2018 10:58
LONDON (Alliance News) - The chief executive of Airbus SE suggested in an interview with the Sunday Times merging the Airbus jet fighter business with that of BAE Systems PLC to create a pan-European military aircraft company that could compete with US aerospace giants.
Tom Enders told the newspaper it is time to "seriously look at consolidating and coalescing efforts eventually to one".
BAE unveiled its concept for a sixth-generation jet fighter last week at the Farnborough International Airshow and called for international help to turn the Tempest concept into reality. The UK government has committed GBP2 billion to the project, but that is a fraction of the total GBP10 billion or more needed to build the aircraft, the Sunday Times noted.
https://www.thetimes.co.uk/edition/business/airbus-boss-tom-enders-eyes-bae-fighter-merger-cnfp6d2c0
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