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MDA Denies Reports Of Divesting Space Assets

By | June 15, 2007

      MacDonald, Dettwiler and Associates Ltd., has denied press reports that the company is looking to sell its surveillance and space assets.

      "In response to today’s articles in the Wall Street Journal and the [Toronto] Globe and Mail … there are no discussions underway with any party to acquire MDA or any of its business units or subsidiaries.”
      The articles reported that MDA was asking about $1 billion for its space businesses and had drawn preliminary interest from Lockheed Martin, Raytheon, Northrop Grumman and Alliant Techsystems Inc.

      MDA’s space assets include imagery satellite development and operations, space robotics work for the space shuttle and International Space Station, and the development of a small satellite platform that could be used for a variety of missions.

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