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ARTICLE · 14 DECEMBER 2012

Space Business Review - November 2012

Milbank
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Milbank

Milbank

Milbank has been in London for over 40 years, assisting clients with their most complex,...

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

United StatesTransport
Milbank Space Business Practice
Milbank Space Business Practice
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SES and ESA to Collaborate on Electra

On November 30, SES S.A. (SES) announced that it will be working with the European Space Agency (ESA) on the Electra program, a public-private partnership dedicated to the development of a European all-electric propulsion small/medium-sized satellite platform. SES, which will lead the program, and particularly the satellite design definition phase, has selected OHB-System AG to serve as its prime contractor.

MDA Closes Space Systems/Loral Acquisition

On November 2, MacDonald Dettwiler and Associates Ltd. (MDA) announced that it has completed the acquisition of Space Systems/Loral, Inc., which was a wholly owned subsidiary of Loral Space & Communications Inc. (Loral). Upon closing, Loral received approximately $968m in cash and a bank-guaranteed 3-year promissory note in the principal amount of $101m. Bank of America Merrill Lynch served as lead financial adviser to MDA for the acquisition.

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