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:
“Perhaps universal history is the history of the diverse intonation of some metaphors.”
—Jorge Luis Borges (18991986)
“Dont you realize that this is a new empire? Why, folks, theres never been anything like this since creation. Creation, huh, that took six days, this was done in one. History made in an hour. Why its a miracle out of the Old Testament!”
—Howard Estabrook (18841978)
“We are told that men protect us; that they are generous, even chivalric in their protection. Gentlemen, if your protectors were women, and they took all your property and your children, and paid you half as much for your work, though as well or better done than your own, would you think much of the chivalry which permitted you to sit in street-cars and picked up your pocket- handkerchief?”
—Mary B. Clay, U.S. suffragist. As quoted in History of Woman Suffrage, vol. 4, ch. 3, by Susan B. Anthony and Ida Husted Harper (1902)