"Alliant Techsystems (NYSE:ATK) (has) announced ... that it has negotiated definitive agreements with Canadian-based MacDonald, Dettwiler and Associates (TSX: MDA), to acquire its Information Systems and Geospatial Information Services businesses for $1.325 billion (CDN).
With more than 1,900 employees and estimated FY09 revenues of approximately $500 million (U.S.), the MDA business ATK is acquiring is a global leader in space-based radar systems, space robotics, satellite systems, and imaging satellite ground stations and processing; with additional world-class capabilities in satellite payloads, C4ISR, and geospatial services. ...
The transaction, which is subject to regulatory and MDA shareholder approval, is expected to close early in the first quarter of the company's FY2009. ... This acquisition will establish ATK as a full-spectrum international space company, providing launch services, next-generation satellites, robotics, and the ground systems that will process and deliver mission critical information solutions. ...
Further, it will diversify ATK's portfolio into non-U.S. and commercial space markets, nearly doubling the company's international revenues. The transaction will also enhance ATK's existing and potential content in space exploration, Operationally Responsive Space, and C4ISR; while adding satellite ground station and geospatial imagery content."
Canadarm mounted on the shuttle Atlantis works on the International Space Station. Credit: from NASA animation
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