Eads: Silver lining

The defence industry is of a sensitive nature. That’s why the project being concocted by the French and German governments to protect Eads against unwanted takeovers or shareholders makes sense. For geo-strategic and political reasons. On commercial grounds as well. And it might even be good from a shareholders perspective. Call it a lack of imagination, but the idea of the Pentagon awarding a $35bn, multi-year super-tanker contract to a European company where – say – Russia would have a 30% sta...