BAE confirms talks over tie-up with Airbus manufacturer

Defence giant BAE Systems has confirmed talks over a potential merger with Airbus aircraft manufacturer EADS to create the world's biggest aerospace and defence company.

BAE said a tie-up with European Aeronautic, Defence & Space (EADS) would form a "world class" firm in its sector, with combined sales of £60 billion and around 220,000 staff. The merged group would employ around 48,000 in the UK alone.
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