Defense Spending

BAE-EADS Merger Collapses

Political wrangling didn't help much

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Aerospace and defence firms BAE Systems and EADS have decided to cancel their planned merger, after talks had become stymied by political deadlock.

The move came ahead of a 17:00 BST regulatory deadline to close the deal.

It followed days of talks between the UK, French and German governments to overcome political objections.