BAE Systems is one of the world's biggest weapons and aviation groups. Operating in almost 80 countries, the group supplies many of the World's fighter planes, radar, attack missiles, warships and munitions. Shares are listing badly because it cannot compete with other arms manufacturers in Europe and America all by itself. Talks with the European Aeronautic Defence & Space Co. (owned by Germany, France, and Spain) which have a deadline for agreement tomorrow have failed because the British wanted to move manufacturing to England and continue its special relationship with the United States, BAE's biggest customer which does not trust it military intelligence with the Germans or French. Spiegel Online has described the breakdown as "a political-economic earthquake" which could cost German jobs:
Germany wanted the new company to be headquartered in Munich but the British were insisting on a new London headquarters and control of the entire operation with only minority interests in France and Germany.
[ame="http://www.youtube.com/watch?v=3-fv_57e1KI&feature=related"]RIAT 2011 - BAE Systems Typhoon FGR4 Rehearsal Display - YouTube[/ame]