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Tuesday, 29 March 2011

EADS unit to buy Canada's Vector Aerospace

March 29, 2011

EADS  has ended a three-year acquisition drought in North America with a C$625 million ($640 million) cash bid for Canadian overhaul and repair firm Vector Aerospace.
Europe's largest aerospace company has had its eye on transatlantic expansion for some time to wean itself off the euro, whose strength has been hurting its airplane subsidiary Airbus, and to expand further into defense and aerospace services.
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