► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />The Lex team's Nikki Tait and Vincent Boland discuss the regulatory and political hurdles to a tie-up between BAE Systems and EADS. The two companies plan to create a $48bn European defence and aerospace group to rival Lockheed Martin and Boeing of the US.<br /><br />Related article: http://www.ft.com/intl/cms/s/0/4a6ccee8-fd74-11e1-8e36-00144feabdc0.html<br /><br />For more commentary from the Lex team, visit http://www.ft.com/lex <br /><br />http://www.FT.com/