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Enders: EADS To Review Strategy; Cooperation With BAE Possible

Oct. 10, 2012 - 04:08PM   |  
By PIERRE TRAN   |   Comments
EADS Chief Executive Tom Enders, seen here speaking during a press conference in May, pinned the blame the failed EADS-BAE merger on Germany in a letter to staff.
EADS Chief Executive Tom Enders, seen here speaking during a press conference in May, pinned the blame the failed EADS-BAE merger on Germany in a letter to staff. (Bulent Kilic /AFP via GettyImages)
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PARIS — EADS will study its options in the defense area as part of a review of group strategy, which may include military cooperation with BAE Systems, Chief Executive Tom Enders said Oct. 10 after the two companies said they were ending talks for a merger.

“We will need to review our Group strategy and defense activities in particular,” Enders wrote in a letter to EADS staff, a copy of which was obtained by Defense News. “However, one thing is already clear: There will be no turning back to where we started from, and that pertains not only to strategy.”

Enders pointed up the potential for cooperation with BAE in defense activities, stemming from good relations with the British company.

“What is also important for me is that together with Ian King and his team, the EADS team and I not only went into this as partners but we also extracted our companies from the project jointly and in perfect coordination.

“And, if anything, our relationship has been strengthened through this endeavor. This is an excellent basis for the further development of our business ties in the defense field,” the letter said.

Enders pinned the blame on Berlin for thwarting the merger deal.

“I’m ready to admit that we never expected to face such opposition against the deal, in particular not in Berlin. We saw the combination with BAE Systems as the logical, long-overdue step in the European integration of our industry.”

The letter went out to EADS employees after BAE and the European aerospace and defense company put out a joint statement that they had broken off merger negotiations in the face of political obstacles.

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