MacDonald Dettwiler Buys $875M Loral Satellite Unit

Law360, New York (June 27, 2012, 2:25 PM EDT) -- Information systems provider MacDonald Dettwiler & Associates Ltd. has inked an $875 million deal for rival Loral Space & Communications Inc.'s California-based commercial satellite business, positioning MDA to become the world's largest commercial satellite maker, the parties announced Tuesday.

Space Systems/Loral Inc., the name of the Palo Alto, Calif.-based unit, will bring MDA 3,200 “highly skilled” employees, 1.3 million square feet of research and manufacturing facilities, and a strong base in the U.S. from which to launch future growth initiatives, MDA President and CEO Daniel Friedmann...
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