DaimlerChrysler Aerospace
On 1 January 1995, the company announced that it had changed its name to "Daimler-Benz Aerospace AG". As a consequence of the peace dividend of the 1990s following the dissolution of the Soviet Union, industry-wide consolidation increased. Following the merger of parent company Daimler Benz with American car manufacturer Chrysler Corporation during 1998, the company was renamed "DaimlerChrysler Aerospace AG" on 7 November 1998. Management and politicians alike remained keen to form partnerships with other European companies in the aerospace and defense sectors. On 10 July 2000, it was announced that DASA (minus MTU) had formally merged with Aérospatiale-Matra of France and Construcciones Aeronáuticas SA (CASA) of Spain to form the European Aeronautic Defence and Space Company (EADS). Following the merger, the former DaimlerChrysler Aerospace division initially operated as "EADS Deutschland GmbH"; following the rebranding of EADS as "Airbus Group", the division was formally rebranded as "Airbus Defence and Space GmbH".