The aborted merger of EADS and BAE Systems last year reignited talks about a long-awaited wave of consolidation among prime aerospace and defense (A&D) contractors. After all, Europe still has four major shipbuilders, four missile manufacturers and three combat aircraft primes, while the larger U.S. defense market has essentially two players in each of those categories. The speculations were underpinned by a basic but deeply erroneous assumption: “Bigger is better.” In Europe, the ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must be a paid subscriber to access "European A&D’s ‘Big’ Problem".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.