Building Europe's Military

The European Aeronautics Defence and Space Co. (EADS) is the product of last July's merger of Germany's DaimlerChrysler Aerospace, France's Aerospatiale Matra and Spain's Construcciones Aeronáuticas. It owns 80% of Airbus and is the world's third-largest aerospace company after Boeing and Lockheed Martin. Co-chief executive officer Rainer Hertrich talked with James Graff at the Le Bourget air show last week.

TIME: Several U.S. Senators have suggested that an E.U. ban of the GE-Honeywell merger could have negative consequences for European aerospace firms. Are you worried?
Hertrich: If the Senate acts, it will do so against the interests...

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