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:
“Properly speaking, history is nothing but the crimes and misfortunes of the human race.”
—Pierre Bayle (1647–1706)
“History is not what you thought. It is what you can remember. All other history defeats itself.
In Beverly Hills ... they don’t throw their garbage away. They make it into television shows.
Idealism is the despot of thought, just as politics is the despot of will.”
—Mikhail Bakunin (1814–1876)
“All history is a record of the power of minorities, and of minorities of one.”
—Ralph Waldo Emerson (1803–1882)