MacDonald, Dettwiler and Associates Ltd. (MDA) reported financial results for the full year and fourth quarter ended December 31, 2012.
Late last Friday MacDonald, Dettwiler and Associates Ltd. (MDA) announced it had formally closed the deal to acquire Space Systems/Loral (SS/L) after it had received regulatory approval and secured the necessary financing. MDA announced in their quarterly call yesterday that on the same day of the closing it had been contacted by the Canadian government with a request for proposal for the build phase, Phase D, for the oft-delayed RADARSAT Constellation Mission.
The next generation robotic arms to be used for future space missions were unveiled this morning at the MacDonald Dettwiler and Associates' (MDA) facilities in Brampton, Ontario. The Honourable Gary Goodyear, Minister of State (Science and Technology) and Canadian Space Agency (CSA) Astronaut Chris Hadfield joined other government, CSA and MDA representatives to make the announcement.
MacDonald, Dettwiler and Associates Ltd. (MDA) has cleared one hurdle in its effort to acquire U.S. based Space Systems/Loral Inc. (SS/L). Both MDA and SS/L were notified yesterday that the Committee on Foreign Investment in the United States has cleared the deal.
The U.S. Department of Justice (DOJ) has requested further information from MacDonald, Dettwiler and Associates Ltd. (MDA) in its effort to acquire U.S. based Space Systems/Loral Inc. (SS/L). The second request is part of the ongoing review before the deal can clear the necessary regulatory hurdles and is not considered unduly unusual.
In what can only be described as a blockbuster deal, MacDonald, Dettwiler and Associates Ltd (MDA) announced late today that it has acquired a larger company in Space Systems/Loral (SS/L). The announcement comes a day before the MDA's scheduled investor call and a day after they had announced a significant deal to provide the communications payload for the AMOS-6 Satellite.
MacDonald, Dettwiler and Associates Ltd. (MDA) announced late yesterday that it signed a deal with Israel Aerospace Industries Ltd. (IAI) to supply the AMOS-6 satellite with its communications payload. The contract which is yet to be finalized, but for which MDA has been authorized to start work on, is valued in excess of $90 million.