Hisham From Lebanon, joined Aug 1999, 701 posts, RR: 10 Posted (15 years 9 months 3 weeks 5 days 2 hours ago) and read 1551 times:
Aerospatiale-Matra and DASA merged becoming the third largest aeronautical company in the world. They called it the European Aeronautic, Defense and Space Company (EADS). EADS now owns 80% of Airbus, BAe has the remaining 20%. This is a huge move towards Airbus becoming a unified company.