MDA to buy Space Systems/Loral
Posted: Wed, Jun 27, 2012, 7:38 AM ET (1138 GMT)
Canadian space company MacDonald, Dettwiler and Associates Ltd. (MDA) will buy the satellite manufacturing arm of Loral in a billion-dollar deal, the company announced late Tuesday night. MDA will pay $775 million in cash for the equity of Space Systems/Loral (SS/L), plus $101 million in a promissory note SS/L real estate. SS/L will provide Loral with an estimated $135 million in cash dividends and other payments. The sale is expected to close later this year. MDA described the deal as "game changing" for the Canadian company, placing it among the leading satellite manufacturers worldwide. SS/L, based in Palo Alto, California, is best known as a major supplier of commercial communications satellites.
Canadian space company MacDonald, Dettwiler and Associates Ltd. (MDA) will buy the satellite manufacturing arm of Loral in a billion-dollar deal, the company announced late Tuesday night. MDA will pay $775 million in cash for the equity of Space Systems/Loral (SS/L), plus $101 million in a promissory note SS/L real estate. SS/L will provide Loral with an estimated $135 million in cash dividends and other payments. The sale is expected to close later this year. MDA described the deal as "game changing" for the Canadian company, placing it among the leading satellite manufacturers worldwide. SS/L, based in Palo Alto, California, is best known as a major supplier of commercial communications satellites.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
Roscosmos replaces cosmonaut on next Crew Dragon mission to ISS
Posted: Sat, Dec 6 9:45 AM ET (1445 GMT) |
|
news links
|
|
Monday, December 8
Reach for the stars: Astronaut urges Poland to build plan for space tech hub
TVP World — 5:00 am ET (1000 GMT) Government invests €265.1m for space programmes
Delano — 5:00 am ET (1000 GMT) ROSE-L given the shakes
ESA — 4:59 am ET (0959 GMT) Trump’s ‘Golden Dome’ czar says he held talks with 300 companies on secret missile defense shield
Washington Times — 4:57 am ET (0957 GMT) Golden Dome Details Begin to Emerge
Air and Space Forces Magazine — 4:57 am ET (0957 GMT) |
