![]() It was subsequently renamed Astrium, and had the divisions Astrium Satellites, Astrium Space Transportation and Astrium Services. ![]() EADS paid £84 million, however due to the lossmaking status of the company BAE invested an equal amount for "restructuring". On 16 June 2003 EADS acquired BAE's 25 % share in Astrium, the satellite and space system manufacturer, to become the sole owner. In January 2001 Airbus Industrie was transformed from an inherently dysfunctional consortium structure to a formal joint stock company, with legal and tax procedures being finalised on 11 July. 10 July 2000 was "Day One" for the new company which became the world's second-largest aerospace company after Boeing and the second-largest European arms manufacturer after BAE Systems. On 14 October 1999 DASA agreed to merge with Aérospatiale (which had itself merged with the French conglomerate Matra to become Aérospatiale-Matra earlier that year) to create the European Aeronautic Defence and Space Company. ĭASA and the Spanish aircraft company CASA agreed to merge on 11 June 1999. The merger of British Aerospace and MES to form BAE Systems was announced on 19 January 1999 and completed on 30 November. However, the merger faltered, and British Aerospace abandoned the DASA merger in favour of purchasing its domestic rival, Marconi Electronic Systems, the electronics division of General Electric Company. The two companies envisaged including the French corporation Aérospatiale, the other major European aerospace company, in the project but only after its privatisation as it was owned by the French state. History Formation of EADS and expansion (1997–2008) Īs early as 1995 the German aerospace and defence company DaimlerChrysler Aerospace (DASA) and its British counterpart British Aerospace were said to be eager to create a transnational aerospace and defence company. With its presence in 35 countries, the company employed 40,000 people from 86 nationalities as of 2014 and contributed to 21% of Airbus revenues as of 2016. UAS (Unmanned Aerial Systems), managed from Germany and led by Jana Rosenmann.Connected Intelligence, managed from Germany and led by Karen Florschütz.Space Systems, managed from France and led by Jean-Marc Nasr. ![]()
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