History
DaimlerChrysler Aerospace was founded as Deutsche Aerospace AG on May 19, 1989 by the merger of Daimler-Benz's aerospace interests MTU, Dornier and two divisions of AEG. In July 1989 the two AEG divisions were themselves merged within Deutsche Aerospace to form Telefunken Systemtechnik (TST).
In December 1989 Daimler-Benz acquired Messerschmitt-Bölkow-Blohm (MBB) and merged it into Daimler-Benz Aerospace.
In March 1990 Daimler-Benz initiated a major restructuring of the new group, integrating the previously separate companies into five product groups; Aircraft, Space Systems, Defense and Civil Systems/Propulsion. Several companies continued to exist under their own names but by 1992 most (including MBB and TST) were fully integrated. In 1992, the helicopter division was joined to Aérospatiale's helicopter division to form the Eurocopter Group.
On January 1, 1995 the company changed its name to Daimler-Benz Aerospace AG. With the 1998 merger of Daimler Benz and The Chrysler Corporation, the company was renamed DaimlerChrysler Aerospace AG on November 7, 1998.
Read more about this topic: DaimlerChrysler Aerospace
Famous quotes containing the word history:
“America is the only nation in history which, miraculously, has gone directly from barbarism to degeneration without the usual interval of civilization.”
—Attributed to Georges Clemenceau (1841–1929)
“The history of all countries shows that the working class exclusively by its own effort is able to develop only trade-union consciousness.”
—Vladimir Ilyich Lenin (1870–1924)
“The history of all Magazines shows plainly that those which have attained celebrity were indebted for it to articles similar in natureto Berenice—although, I grant you, far superior in style and execution. I say similar in nature. You ask me in what does this nature consist? In the ludicrous heightened into the grotesque: the fearful coloured into the horrible: the witty exaggerated into the burlesque: the singular wrought out into the strange and mystical.”
—Edgar Allan Poe (1809–1849)