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Business
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| Number of pages / Number of words: |
40 / 11034 |
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In June 1997 British Aerospace Defense Managing Director John Weston commented "Europe... is supporting three times the number of contractors on less than half the budget of the U.S.". European governments wished to see the merger of their defense manufacturers into a single entity, a European Aerospace and Defense Company...
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The announcement of the merger of Boeing and McDonnell-Douglas convinced them of the necessity of including military activities in the process. On 27 March 1998, they responded to the trilateral declaration with a report on founding principles for a European Aerospace and Defense Company (EADC). This report was submitted to the governments concerned as well as to Saab of Sweden and Finmeccanica of Italy; intergovernmental consultation followed in which Italy and Sweden participated...
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