Defense Spending

BAE-EADS Merger Collapses

Political wrangling didn't help much


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.