Finmeccanica chooses EADS for joint venture

Finmeccanica has chosen European Aeronautic Defence and Space (EADS) as its joint-venture partner for its Alenia Aeronautica subsidiary. The deal is a blow to BAE Systems, which was courting the Italian company. The alliance will combine Alenia’s military and civil aircraft businesses with the activities of the EADS partners CASA, DaimlerChrysler Aerospace and Aerospatiale Matra.

Finmeccanica has chosen European Aeronautic Defence and Space (EADS) as its joint-venture partner for its Alenia Aeronautica subsidiary. The deal is a blow to BAE Systems, which was courting the Italian company. The alliance will combine Alenia’s military and civil aircraft businesses with the activities of the EADS partners CASA, DaimlerChrysler Aerospace and Aerospatiale Matra.