EADS-Led Group to Build Abu Dhabi Satellite System for 5 Billion Dirhams

(Bloomberg) -- A group led by a European Aeronautic,
Defence & Space Co. unit won a bid to build a 5 billion-dirham
($1.4 billion) satellite communications system in Abu Dhabi.

The EADS Astrium-led group includes Alenia Space, a unit of
top Italian defense contractor Finmeccanica SpA, and Thales SA,
Europe's largest defense-electronics company, Al Yah Satellite
Communications Co., part of Abu Dhabi's state-run investment
unit, said in an e-mailed statement today.


Read more at Bloomberg Emerging Markets News