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Is the domestic security market bigger than the civil defense market was in the 1950's? A. My sense is the homeland security market is bigger than the civil defense market was.
And with sharp budget cuts in Europe, "EADS also faces a home defense market that is imploding like a black hole," Mr. Aboulafia said.
Given the current budget constraints facing Western governments, Mr. Enders said, "it's probably not such a bad thing to have rather less exposure to the defense market".
In particular, she argued for opening the high-technology defense market for Pakistan on early warning capabilities, such as the AWACS platform.
"That government disagreements killed this deal carries a lesson for consolidation of the European defense market as a whole," said Guy Anderson, a senior military industry analyst with IHS Jane's, a consulting and analysis firm.
Analysts warned that direct government ownership in a merged EADS-BAE could hinder winning regulatory approval for the deal in the United States, the world's largest defense market, with annual spending of more than $700 billion.
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In the space & defense markets, Boeing Capital primarily arranges and structures financing solutions for its Defense, Space & Security government customers.
Marc Finkelstein, the former chief executive of the Hughes-Treitler ManufacturinGarden Cityon in Garden City, a manufacturer of heat exchangers for the aerospace and defense markets, was tougher to schedule.
Ironically, members of the European Union recently announced their opposition to opening up their defense markets to United States companies, making the Defense Department's favoritism toward EADS seem like the acts of ham-handed Keystone Kops.
The twin-engine jet will be the largest and heaviest aircraft that Embraer has ever produced and is designed to play a core role in a strategic reorganization of Brazil's armed forces, said Orlando Neto, the company's head of defense marketing.
Bombardier of Canada will be showing computer-generated presentations of its planned C Series 110- to 145- seat airliners, whose first deliveries are scheduled for 2014, while Embraer of Brazil will be focusing on the business and defense markets with its Phenom 100 very light jet and its C-390 military transporter.
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