WASHINGTON, Sept 12 Boeing Co Chief
Executive Jim McNerney on Wednesday said his company was not
threatened by advanced discussions between Europe's EADS
, the parent of Airbus, and Britain's BAE Systems Plc
about a merger.
He said the proposed merger reflected the start of a global
consolidation in the defense industry spurred by declining
military spending in the United States and Europe, and was
likely aimed at giving EADS greater access to the U.S. defense
Boeing beat EADS last year to win a huge order to build 179
refueling planes for the U.S. Air Force, a deal EADS had hoped
would help it expand its footprint in the United States.