Official: No Proposal Yet on Thales-EADS
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No merger proposal has been submitted to the boards of French defense company Thales SA and European aerospace consortium EADS despite reports that the French government is interested in a linkup, German Economics Minister Wolfgang Clement said Tuesday.
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German-US auto giant DaimlerChrysler, one of the main shareholders in EADS, has said it would not participate in a possible capital hike at the European aerospace giant.
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European aerospace group EADS  will unveil restructuring measures aimed at saving 2 billion euros ($2.53 billion) a year this week after new delays in deliveries of its A380 superjumbo, financial daily Les Echos reported, without quoting sources.
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France may push to merge EADS with Thales.
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Airbus parent EADS  on Monday postponed a major announcement on job cuts planned for Tuesday, saying European nations could not agree how to share out work on its next aircraft, the wide-bodied A350.
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The board of directors at European aerospace group EADS have convened at company headquarters in Amsterdam, The Netherlands, and could approve the launch of the A350 XWB aircraft manufactured by its Airbus unit, sources close to the board said.
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Rumours of a possible tie-up between French defence electronics group Thales and the European Aeronautic, Defence and Space Company (EADS) are to be discussed by the German and French economy ministers later ...
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German Chancellor Angela Merkel and French President Jacques Chirac are likely to discuss troubled aerospace group EADS  when they meet next week in Paris, but will not address issues better left to company management, a German government spokesman said.
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Defence giant EADS is interested in buying parts of UK's BAE Systems, in addition to seeking a merger with Thales, a report says.
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The board of troubled aviation firm EADS is meeting for the first time since announcing delays to Airbus production.
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The French-British defence electronics group Thales and the European aerospace group EADS do not have a plan to merge, EADS joint chairman Philippe Camus said.
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French Airbus chief Louis Gallois is drawing up compromise restructuring proposals, people familiar with the discussions said Tuesday, after the main German shareholder blocked a plan designed to help the ...Comment
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The Ministry of Environment does not have official information about an alleged decision of the European Commission to suspend financing for three ongoing environment projects.
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Pressure from European governments has blocked a overhaul plan for the European Aeronautic Defense and Space Company.
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No date given for resumption of six-party disarmament process.
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European aerospace group EADS has postponed until next week a board meeting on the future of the Airbus A350 XWB passenger jet programme, key shareholder Lagardere said.
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Planemaker Airbus is expected to announce   fresh delays to its embattled A380 superjumbo in coming days, a   French media report said, adding to woes for parent firm EADS   EAD.PA whose shares were also hit by a brokerage downgrade.