, Jan. 14, 2013 /PRNewswire/ --
, Chancellor of
, as its 2012 Person of the Year in a
published today in
Aviation Week & Space Technology.
As Europe's most powerful leader and having the most impact on aerospace in 2012, she had blocked the
merger between European Aeronautics Defence & Space Company (EADS) and
's BAE Systems (BAE), successfully devastating the deal. A key influence in the aerospace industry, Merkel has revolutionized the very arc of
's largest aerospace and defense company and disallowed change of the industrial landscape.
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
Joseph C. Anselmo.
The merger's downfall is rooted to the instability of
, incongruity, and doubt.
's budding umbrage of its loss of influence within EADS, caution about
, and uncertainty about the motives of the firm's German CEO
are all sad realities of external forces. But despite all these components,
is strengthened by its rising stature in
, developing jobs and advancements in technology.
's veto shows the extent to which the European aerospace industry is under political control," said
, 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
from an international field of candidates. Prior recipients include
Louis R. Chenevert
, chairman and CEO of United Technologies Corp. (2011), United Continental CEO
(2010); the Space Entrepreneur (2009); former U.S. Secretary of Defense
(2008); the father of
's space program,
, previously of Boeing Co. (2006); and Pier Francesco Guarguaglini, previously of Finmeccanica (2005).
Complete coverage of the Person of the Year, including photos and runners-up, is available at
. For a rich media gallery of previous winners, visit
About Aviation Week:
Aviation Week, a division of The McGraw-Hill Companies, is the largest multimedia information and services provider for the global aviation, aerospace and defense industries. Industry professionals rely on Aviation Week for analysis, marketing and intelligence. Customers include the world's leading manufacturers, suppliers, airlines, militaries, governments and other organizations that serve this global market. Aviation Week produces data and analytics services including the Aviation Week Intelligence Network (AWIN), industry-leading events around the world, as well as
Business & Commercial Aviation.
July 2, 2012
, the group's flagship
Aviation Week & Space Technology (AW&ST)
relaunched with an even greater focus on technology, business and operations that has long been the brand's hallmark. In addition to civil, military and space,
market coverage is further expanded with new monthly Defense Technology and MRO editions to include land and sea and aftermarket insights.
Aviation Week's 2012 digital expansion includes a redesigned AviationWeek.com for deeper community engagement and navigation and a comprehensive technology upgrade to the Aviation Week Intelligence Network (AWIN). AWIN, the industry's essential integrated business tool, now has increased capability through more fleet and MRO data and an expanded team of data analysts.