TOP BUSINESSES SHORTLISTED FOR INDUSTRY AWARDS » 21 leading businesses from across the engineering and electrotechnical services sector have been sho... ECA PRESIDENT OPTIMISTIC ON BUSINESS OUTLOOK AS ... » Dave Kieft, the outgoing President of the Electrical Contractors’ Association (ECA), believes there ... Armour Comms launches industry leading secure Grou... » London: In direct response to customer demand, Armour Communications has announced the availability ... TDSi Supports Education Programme at IFSEC Inter... » Poole: Integrated security manufacturer TDSi will be sponsoring the Tavcom Training Theatre at IFSEC... 'POWER PLAYERS' INITIATIVE OPENS TO ENTRIES » Leading younger people from across the engineering services sector have a new opportunity to be reco... Multitone launches comprehensive EkoCare Communi... » Multitone Electronics plc has announced the launch of its new EkoCare range for healthcare facilitie... Momentum builds as Critical Communications World d... » Critical Communications World (May 16-18, Hong Kong) is the leading and most influential congress an... New initiative shows increasing importance of CSR » A major new survey on corporate social responsibility (CSR) is now open to electrotechnical busine... OF FOOLS OF THE MIDDLE BELT, ONE NORTH AND PASTORA... » SERIES: BUHARISM AND THE FIERCE URGENCY OF NOW A treatise on pastoral jihadism, islamism, arabism a... Commvault partners with Pure Storage » Cisco Live, Melbourne, AU and Tinton Falls, NJ: Commvault has announced the integration of its Commv...

CLICK HERE TO

Advertise with Vigilance

SOCIAL BOOKMARK

Got News?

Got news for Vigilance?

Have you got news/articles for us? We welcome news stories and articles from security experts, intelligence analysts, industry players, security correspondents in the main stream media and our numerous readers across the globe.

READ MORE

Subscribe to Vigilance Weekly

Merkel
Merkel, Person of the Year

New York, NY: Aviation Week named Angela Merkel, Chancellor of Germany, as its 2012 Person of the Year in a cover story published last week in Aviation Week & Space Technology. As Europe’s most powerful leader and having the most impact on aerospace in 2012, she had blocked the $45 billion merger between European Aeronautics Defence & Space Company (EADS) and Britain’s BAE Systems (BAE), successfully devastating the deal.  A key influence in the aerospace industry, Merkel has revolutionized the very arc of Europe’s largest aerospace and defense company and disallowed change of the industrial landscape.

“Angela Merkel possesses a distinct skepticism about majestic visions of European integration, and as a result killed the EADS-BAE tie-up for purely political reasons,” said Aviation Week & Space Technology Editor-in-Chief Joseph C. Anselmo.

The merger’s downfall is rooted to the instability of Europe, incongruity, and doubt.  Berlin's budding umbrage of its loss of influence within EADS, caution about France, and uncertainty about the motives of the firm's German CEO Tom Enders are all sad realities of external forces.  But despite all these components, Germany is strengthened by its rising stature in Europe, developing jobs and advancements in technology.

“Germany's veto shows the extent to which the European aerospace industry is under political control,” said Jens Flottau, Managing Editor,Aviation Week & Space Technology. “Regardless of whether or not the merger would have been a commercial success, it was certainly blocked for the wrong reasons.”

The Person of the Year distinction, the eighth in Aviation Week’s 97-year history, recognizes the impact individuals have on the broader A&D community. Aviation Week staff editors selected Chancellor Angela Merkel from an international field of candidates. Prior recipients include Louis R. Chenevert, chairman and CEO of United Technologies Corp. (2011), United Continental CEO Jeff Smisek (2010); the Space Entrepreneur (2009); former U.S. Secretary of Defense Robert Gates (2008); the father of China's space program, Tsien Hsue-shen (2007); Alan Mulally, previously of Boeing Co. (2006); and Pier Francesco Guarguaglini, previously of Finmeccanica (2005).