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MDA Acquires US-Based Alliance Spacesystems
Richmond, Canada (SPX) Dec 07, 2007 MacDonald, Dettwiler and Associates has announced a strategic expansion of its Information Systems business in the United States. The Company has entered into an agreement to acquire privately held Alliance Spacesystems, LLC, located in Pasadena, California. Alliance Spacesystems provides U.S. Government and aerospace customers with advanced technology solutions, and is a leader in sophisticated robotic and mechanical structures applied on a variety of space missions as well as terrestrial applications. Mag Iskander, executive vice president and general manager of MDA's Information Systems, stated, "This acquisition significantly enhances our U.S. presence, and will provide a capable conduit to leverage and offer our world class space robotics and space surveillance solutions into the United States civilian and military aerospace markets". Rene Fradet, CEO of Alliance Spacesystems stated, "We look forward to combining our market access gained through technical excellence with MDA's longstanding experience in the space missions market, to offer our customers a broader range of 'made in the U.S.' solutions". Alliance Spacesystems will become part of MDA Federal, the MDA subsidiary that includes all of the U.S. businesses of the MDA Information Systems Group. MDA Federal operates under a Special Security Agreement to ensure compliance and optimal access to classified U.S. market opportunities. The transaction is expected to become accretive within a year. The transaction is expected to close within two weeks subject to required approvals. Related Links MDA The latest information about the Commercial Satellite Industry
Campaigns Should Support Space Exploration
Arlington VA (SPX) Dec 03, 2007Presidential campaigns should publicly express their support of NASA's Constellation Program to ensure America's leadership in space exploration as well as boost education, Aerospace Industries Association President and CEO Marion Blakey said. The exploration program, which will return astronauts to the moon and explore Mars and beyond, should not be delayed under any circumstances since there is already a manned spaceflight gap looming. |
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