MDA Confirms Space Systems/Loral Acquisition
By Jeffrey Hill | June 28, 2012
[Satellite TODAY 06-28-12] MacDonald, Dettwiler and Associates (MDA) has acquired Space Systems/Loral (SS/L) for $875 million in an immediately accretive transaction, MDA announced June 27.
The acquisition transforms MDA into a significant commercial communications entity as it adds SS/L a top global provider of commercial communications satellites to MDA’s portfolio and provides the company with critical mass in the U.S. market. Following the acquisition, MDA said it would have combined annual revenues of $1.9 billion as of the 2011 calendar year and a combined backlog of $2.8 billion as of March 31, 2012. SS/L will retain its brand name and management team…