ARTICLE · 14 AUGUST 2012

June 2012 Space Business Review

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A monthly round-up of space industry developments for the information of our clients and friends.

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Dara Panahy

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A monthly round-up of space industry developments for the information of our clients and friends.

MDA to Acquire Space Systems/Loral

On June 26, Canada's MacDonald, Dettwiler and Associates Ltd. (MDA) and Loral Space and Communications Inc. (Loral) announced the acquisition by MDA of wholly-owned Loral subsidiary Space Systems/Loral (SS/L) for $875m in cash. The addition of a U.S.-based prime satellite manufacturing business to MDA's existing surveillance, intelligence, communications and advanced technology divisions will help achieve MDA's stated desire to increase its U.S. market presence and diversify its business. Following consummation of the transaction, which remains subject to regulatory approvals and closing conditions, MDA will have combined annual revenues of $1.9b (2011) and a combined backlog of $2.8b (as of March 31, 2012).

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June 2012 Space Business Review

MDA to Acquire Space Systems/Loral

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