EADS' Eurocopter buying Vector

Eurocopter, the helicopter unit of the European Aeronautic Defence and Space group, EADS, said Monday it entered an agreement to buy all the outstanding shares of Canada's Vector Aerospace Corp. The deal for the helicopter overhaul and repair company is valued at $638 million. (Sources: Multiple, including AFP, Wall Street Journal, Reuters, 03/28/11) Gulf Coast note: Vector Aerospace has an operation at the South Alabama Regional Airport in Andalusia, Ala., which opened in 2008. EADS has a helicopter production facility in Columbus, Miss., and two operations in Mobile, Ala. Previous