Tech EU News

Investors unhappy with BAE and EADS merger plan

Published

2 years ago

October 19, 2024

http://www.euronews.com/ EADS, the parent company of Airbus, and Britain’s BAE Systems have confirmed that they have been in talks since June about a merger.

That would create an aerospace and defence giant bigger than US rival Boeing in sales and that would be better able to cope with defence spending cutbacks in Europe and the United States.

However, investors questioned the rationale of a tie-up and EADS’ shares tumbling as much as 11 percent on Thursday, adding to the previous day’s fall and erasing more than half of the company’s gains made this year.

EADS stock, which earlier this week was up nearly 30 percent since the beginning of the year, has plummeted as much as 16 percent since the merger talks were unveiled on Wednesday, wiping about 3.8 billion euros off its market value.

Shares in BAE were down 6.4 percent on Thursday, surrendering more than half of the gains made since the merger talks were revealed on Wednesday afternoon.

There are still many hurdles to be cleared but sources close to the talks said the US government is not likely to block it.

A combined company would be worth around 37 billion euros. The current workforce of the two is 220,000.

Sales last year for EADS and BAE together totalled 72 billion euros compared with Boeing’s 53.2 billion.

Boeing chief executive Jim McNerney said the Chicago-based aerospace leader was not fundamentally threatened by such a merger.

McNerney said BAE and EADS are following the same policy as Boeing in seeking to balance commercial and defence work. He said that “does reflect a global consolidation that is beginning to happen”.

BAE Systems is a supplier to Boeing for both its military and commercial aircraft.

US government approval would be needed as BAE is one of the largest suppliers to the American military.

Linda Hudson, chief executive of the US arm of BAE Systems, said the deal made sense given the downturn in US and European defence spending, but would also insulate the combined company against the inevitable cycles of the aerospace sector.

“It’s a win-win proposition for both companies in this environment,” Hudson said.

Executives at another major US defence industry player – Lockheed Martin – declined to comment.

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Italy calls for more equal relationship with migration producing states

Published

8 hours ago

July 2, 2026

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Italian Premier Giorgia Meloni has called for a new and more equal relationship between Europe and the developing countries that produce migrants.

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‘Immediately was enchanted’: Viral Puerto Rico song gets its own music video shot on island

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2 days ago

July 1, 2026

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‘Immediately was enchanted’: Viral Puerto Rico song gets its own music video shot on island

The song creator Bill Stiteler worked with Discover Puerto Rico to create a video that highlights some of the island’s top tourist attractions.

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2 days ago

July 1, 2026

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Euronews correspondent Luis Carballo has spent the day in Tahrir Square in Cairo and has seen for himself what is happening in Egypt right now. The anti-government demonstrators continue to defy calls from the authorities to disperse.

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Tech EU News

Christine Lagarde’s Sintra speech signals a new ECB playbook

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3 days ago

June 30, 2026

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Christine Lagarde’s Sintra speech signals a new ECB playbook

Christine Lagarde says the ECB is back to basics but must adapt to a more volatile global economy.

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Tech EU News

How much do we really know about microplastics? | Euronews Tech Talks

Published

1 week ago

June 24, 2026

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The word “microplastics” appeared for the first time in 2004, coined by Richard Thompson, now a marine biology professor at the University of Plymouth.

Over the past 22 years, microplastics have gained increasing attention, but questions about them still seem to outnumber what we actually know.

In this Q&A episode of Euronews Tech Talks, we pose your questions to Heather Leslie, an independent scientist from Amsterdam, and Francesco Regoli, vice rector for research at the Polytechnic University of Marche.

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