Qatar has held initial talks with Germany's economy minister on buying a stake in the European aerospace giant EADS. The Gulf state aims to acquire half of the 15 percent being sold by carmaker Daimler, German weekly Der Spiegel said Sunday.
After a decade of protracted negotiations, the US Air Force has awarded American aviation giant Boeing the coveted €25 billion contract to supply a new generation of air refuelling craft, ahead of its European rival EADS.
The Pentagon is to announce whether Chicago-based Boeing or the European aerospace giant EADS will be handed a €25 billion($35 billion) US Air Force aerial refuelling tanker contract Thursday after a decade of competitions for the deal.
German auto giant Daimler has been hit by an insider trading scandal involving the European defence group EADS. Investigating French judges are pursuing charges related to share sales in 2005 and 2006.
Leaked embassy cables show that US diplomats aggressively pushed foreign governments to purchase Boeing airplanes, helping the US aviation giant in the bitter transatlantic battle with its European rival, Airbus.
Former US Senator Ted Stevens and four other people died in a plane crash in Alaska on Tuesday. Sean O’Keefe, the CEO of European aerospace giant EADS' North American branch, was also on board, but survived the crash.
European Aerospace magnate EADS is to enter the bidding for a 35-billion-dollar contract to supply the US Air Force with a new fleet of aerial refuelling tankers, the company announced on Tuesday.
European aerospace giant EADS has announced that it will go back to the negotiating table regarding the contract to supply the US with tanker jets, if the Pentagon tender rules gave it a chance of success against US rival Boeing.
The Pentagon said on Thursday that it might extend a deadline for bids on supplying the US military with a new aerial refuelling tanker after Airbus parent EADS said the current mid-May deadline would be "impossible" to meet.
