Published on 13th September 2012
The planned European megamerger that would create the world's largest aerospace and defense company by revenue could trigger the biggest shake-up among U.S. rivals in almost two decades. The pressures of threatened budget cuts, a renewed focus on Asia and plans for a more flexible military under the U.S. defense strategy outlined earlier this year have been joined by the proposed merger of European Aeronautic Defence and Space Co.and BAE Systems PLC. The Pentagon has to weigh the benefits of an enlarged global rival to a shrinking pool of domestic contractors with the national security issues that arise when overseas companies try to expand in the world's largest military market. The Wall Street Journal