spacetoday.net: space news from around the webin association with SpaceNews


EADS to acquire BAE Systems' stake in Astrium
Posted: Fri, Jan 31, 2003, 1:51 PM ET (1851 GMT)
The European Aeronautic Defence and Space Company (EADS) announced Friday that it was acquiring the portion of satellite manufacturer Astrium it did not already own in a deal with BAE Systems. Under the agreement, both companies will first each invest 84 millions euros (US$90 million) into Astrium. EADS will then pay BAE systems 84 million euros for BAE's 25% stake in Astrium. The agreement also includes the purchase of BAE Systems' stake in Paradigm, the EADS-BAE joint venture that will operate the Skynet 5 military communications satellite system for the UK. EADS had reached an agreement last year to acquire BAE Systems' shares in Astrium for 165 million euros (US$177 million), but the deal expired before regulatory approval could be obtained. The companies said the lower price of the new deal reflected "the current deterioration in the commercial space sector" as well as EADS' plans to improve the efficiency of Astrium to allow it to return to profitability by 2004.
<<previous article   next article>>
news in brief
SpaceX launches Starlink satellites from Florida
Posted: Sat, Nov 9 10:00 AM ET (1500 GMT)


Gilmour Space gets Australian launch license
Posted: Sat, Nov 9 9:53 AM ET (1453 GMT)

news links
Saturday, November 23
DirecTV Abandons Deal to Acquire Dish Amid Bondholder Opposition
Hollywood Reporter — 2:16 am ET (0716 GMT)
DirecTV Ditches Dish Deal
Variety — 2:16 am ET (0716 GMT)
DirecTV calling off Dish Network takeover after bondholders balk
Los Angeles Times — 2:15 am ET (0715 GMT)
DirecTV terminates Dish deal over failed debt swap
Reuters — 2:14 am ET (0714 GMT)


about spacetoday.net   ·   info@spacetoday.net   ·   mailing list