It may have an ungainly name, but when the European Aeronautic Defense & Space Co. takes flight this July in a multibillion-dollar initial public offering, the Old World will finally have a player able to deal as an equal with the likes of U.S. aerospace giants Boeing Co. or Lockheed Martin Corp. Combining France's Aerospatiale-Matra, Germany's DaimlerChrysler Aerospace (DASA), and Spain's CASA in the largest cross-border industrial merger in Europe's history, EADS will have $21 billion in sales. "The whole sense of EADS is to carry the same weight as the American groups," says co-CEO Philippe Camus. "It's more and more of a global market."
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