:

Business/Financial

EADS Astrium To Acquire Vizada For $960 Million

By Cal Biesecker

Friday, August 5th, 2011

SHARE:

European Aeronautic Defence And Space Co. (EADS) yesterday said its Astrium subsidiary has entered into an agreement to acquire Vizada from Apax France, a French private equity fund and the majority shareholder for $960 million. The transaction is subject to the customary regulatory approvals. Vizada is a leading independent provider of global, satellite-based mobility communication services, serving customers across sectors including maritime, aero, land media, non-governmental organizations and government/defense. Through all satellite network operators, it offers mobile and fixed connectivity…

Senators Push Navy Against Single Destroyer Request In FY ’27

The chairman of the Senate Armed Services Committee (SASC) and the two senators from Maine last week pushed back on Navy officials for only requesting one Arleigh Burke-class destroyer (DDG-51) […]

Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition

The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]