SATELLITE AND launcher builder Orbital Sciences has agreed to acquire Canadian remote-sensing specialist MacDonald, Dettwiler and Associates (MDA). The deal, which needs US and Canadian regulatory approval, will be structured as a merger with Orbital exchanging shares, for all of MDA's outstanding stock.
MDA supplies commercial remote-sensing ground stations, space-qualified software and air-navigation and defence-electronic systems. The company achieved sales of C$110 million ($80 million) and profits of C$7.5 million for the year to the end of March 1995.o
Orbital says that the acquisition "rounds out" its presence in the space market, helping to accelerate expansion over the next five years and to add value to its new satellite services.
Source: Flight International
