Boeing chief executive Jim McNerney on Wednesday said his company was not threatened by merger discussions between EADS, the parent of Airbus, and BAE Systems.
He said the proposed merger between the two European aerospace companies reflected the start of global consolidation in the defence industry, spurred by declining military spending in the United States and Europe, and was likely aimed at giving EADS greater access to the US defence market.
"I have a pretty deep and abiding faith in our company's strength, so I don't see this as something that is going to threaten us fundamentally," McNerney told reporters after a speech to the Council on Foreign Relations in Washington.
"It does reflect a global consolidation that is beginning to happen," he said, adding that an EADS-BAE merger would create a larger entity with more balanced commercial and military operations, a model that Boeing has followed for some time.
McNerney declined to comment further, saying he had not studied the issue.
Boeing beat EADS last year to win a huge order to build 179 refuelling planes for the US Air Force, a deal EADS had hoped would help it expand its footprint in the United States.
In June, Airbus announced plans to build a large production facility in Mobile, Alabama.
Gravity always wins!