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
|
|
SpaceX sets Nov. 18 launch date for sixth Starship test flight
Posted: Sat, Nov 9 9:57 AM ET (1457 GMT) |
|
news links
|
|
Monday, November 25
Rocket Lab Successfully Launches Two Missions in Less Than 24 Hours
Rocket Lab — 5:15 am ET (1015 GMT) Start thinking about space tourism, Travel Counsellors agents told
Travel Weekly — 5:15 am ET (1015 GMT) Greater transparency will enhance space governance
Australian Strategic Policy Institute — 5:14 am ET (1014 GMT) Rural visionaries and space frontiers: How Terry Kilgore helped transform Virginia into a commercial space hub
Cardinal News — 5:14 am ET (1014 GMT) Colorado Springs named permanent home for 250 Delta 15 Space Force guardians, ahead of possible Space Command fight
Colorado Springs Gazette — 5:14 am ET (1014 GMT) |
