MacDonald, Dettwiler to buy California satellite company SS/L for US$875 million | iNFOnews

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MacDonald, Dettwiler to buy California satellite company SS/L for US$875 million

June 27, 2012 - 7:27 AM

VANCOUVER - MacDonald, Dettwiler and Associates Ltd. of Vancouver (TSX:MDA) says it will pay US$875 million to acquire a California-based company that makes commercial communications satellites. MDA says the addition of Space Systems/Loral Inc. will give it a critical mass in the U.S. market and global opportunities for growth.

News from © The Canadian Press, 2012
The Canadian Press

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