EADS (EADSY.PK) is to buy satellite communications service provider Vizada for $960M from...

|By:, SA News Editor

EADS (EADSY.PK) is to buy satellite communications service provider Vizada for $960M from private equity owner Apax France. The purchase is part of EADS's strategy to lower its reliance on cyclical manufacturing revenues, particularly from Airbus.