DASA/CASA Merger A First For European Aerospace Sector

Jan. 13, 2005
Europe has at last taken a major step toward consolidating its aerospace industry with the creation of the sector's first transnational company. Germany's DaimlerChrysler Aerospace AG (DASA) is joining forces with Spain's Construcciones Aeronauticas SA ...

Europe has at last taken a major step toward consolidating its aerospace industry with the creation of the sector's first transnational company. Germany's DaimlerChrysler Aerospace AG (DASA) is joining forces with Spain's Construcciones Aeronauticas SA (CASA). The combined company will be the largest shareholder in the Airbus Industrie consortium, a group that also includes France's Aérospatiale/Matra and the UK's British Aerospace/Marconi. The merging companies will have projected annual revenue of US$11.55 billion and a 53,000-person workforce. And its 42% stake in Airbus will be larger than the shares of its French and British partners. The merger is being seen as revenge for DASA, which was furious when British Aerospace chose British Marconi as a merger partner a few months ago and spurned DASA. Market analysts expect more mergers in the European aerospace industry as companies try to compete with Boeing Co., Lockheed Martin Corp., and Raytheon Co., a trio of U.S.-based firms.

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!