BAE Systems Plc Chairman Dick Olver said the attempted merger with European Aeronautic, Defence & Space Co. last year came at a moment that won’t return anytime soon, as the company resumes its focus on bolt-on purchases.
European Aeronautic, Defence & Space Co. Chief Executive Tom Enders, who beat his counterpart at Boeing Co. three years ago in a horse race in Wyoming, now has his eyes on a bigger prize: supremacy in global aerospace.
Daimler AG, the world’s third- largest maker of luxury cars, sold its remaining stake in Airbus SAS parent European Aeronautic, Defence & Space Co. for 2.2 billion euros ($2.9 billion) to focus on its auto business.
European Aeronautic, Defence & Space Co. investors gave approval for the purchase of 15 percent of the company’s stock at a maximum 50 euros a share in a move to bolster its value after the sale of block holdings.
Tom Enders, a swashbuckling one- time German paratrooper, was planning to join German Chancellor Angela Merkel on a state visit to China Aug. 29 when he decided to take an end-of-summer outing and go hang-gliding.
European Aeronautic, Defence & Space Co. Chief Executive Officer Tom Enders said Europe’s defense industry risks a prolonged erosion, with government spending prospects in home markets bleak for years to come.
Hours before announcing plans for the biggest merger in aerospace history, Tom Enders stood on a Berlin airfield and poked fun at the title of German aviation coordinator Peter Hintze by calling him ``the Terminator.''