Subscribe to our free daily newsletters
  Space Travel News  

Subscribe to our free daily newsletters

ATK To Acquire Information Systems And Geospatial Businesses Of MacDonald Dettwiler And Associates

illustration only
by Staff Writers
Minneapolis MN (SPX) Jan 10, 2008
Alliant Techsystems has negotiated definitive agreements with Canadian-based MacDonald, Dettwiler and Associates (TSX: MDA), to acquire its Information Systems and Geospatial Information Services businesses for $1.325 billion (CDN). The company expects that this acquisition will provide a higher growth and earnings profile, and be neutral to earnings per share (EPS) in fiscal year 2009 (FY09) and accretive thereafter.

With more than 1,900 employees and estimated FY09 revenues of approximately $500 million (U.S.), the MDA business ATK is acquiring is a global leader in space-based radar systems, space robotics, satellite systems, and imaging satellite ground stations and processing; with additional world-class capabilities in satellite payloads, C4ISR, and geospatial services.

The transaction, which is subject to regulatory and MDA shareholder approval, is expected to close early in the first quarter of the company's FY2009. ATK has arranged committed financing to support the proposed acquisition. However, there can be no assurance that the transaction will be completed.

This acquisition will establish ATK as a full-spectrum international space company, providing launch services, next-generation satellites, robotics, and the ground systems that will process and deliver mission critical information solutions. It will also provide an entry point for MDA's proven high-performance technology to the U.S. market, creating significant sales growth opportunities. Further, it will diversify ATK's portfolio into non-U.S. and commercial space markets, nearly doubling the company's international revenues. The transaction will also enhance ATK's existing and potential content in space exploration, Operationally Responsive Space, and C4ISR; while adding satellite ground station and geospatial imagery content.

"The welcome addition of MDA's Information Systems and Geospatial Information Services, and their talented workforce substantially grows our market position in space systems, both domestically and internationally," said Dan Murphy, ATK Chairman and CEO. "ATK has enjoyed a close working relationship with MDA for many years. Like ATK, its business model is one of low-cost innovation. Together we will make a significant contribution to the global space industry."

"We believe that this transaction provides an excellent home for our Information Systems and Geospatial Services business as it is highly complementary to ATK's business," said MDA President and CEO, Daniel Friedmann. "ATK is committed to realize the inherent value in the U.S. market of the many accomplishments of our employees."

Beginning April 1, 2008, ATK will establish a fourth business group, ATK Space Systems. Carl Marchetto, formerly Executive Vice President and General Manager of Orbital Sciences Corporation's Space Systems Group, will become President, ATK Space Systems. With operations in four Canadian Provinces and across the United States, ATK Space Systems is expected to generate FY09 sales of approximately $900 million. It will be a full-spectrum satellite and space systems business building markets in North America and around the world.

The combined value of ATK Launch Systems and the new Space Systems group will make ATK the fifth largest space systems company in North America.

Related Links
The latest information about the Commercial Satellite Industry

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

SPACEHAB Realigns Corporation
Houston TX (SPX) Dec 11, 2007
SPACEHAB has announced an initiative to align the corporate structure and personnel toward its strategic direction of winning the NASA Commercial Orbital Transportation Services (COTS) funded Space Act Agreement, due to be awarded February 2008, and to process and manufacture products in microgravity on the International Space Station (ISS).

  • ASRC Aerospace Contributes To NASA Constellation System
  • Japan's Mitsubishi Heavy aims to cut rocket launch costs: company
  • 100 Years Of German Aerospace
  • NASA J-2X Powerpack Testing Commences At Stennis Space Center

  • Arianespace To Build On The Success Of 2007
  • Sea Launch Continues Thuraya-3 Mission
  • Ariane 5 Wraps Up 2007 With Its Sixth Dual-Satellite Launch
  • Ariane 5 rockets puts Africa's first satellite into space

  • US shuttle glitches may delay Hubble mission
  • NASA to speed up shuttle launch schedule
  • NASA sets late Jan, early Feb for shuttle Atlantis launch
  • Shuttle Managers To Discuss STS-122 Mission

  • International Space station set for busy spell
  • Progress M-62 docks Space Station
  • Russian rocket delivers Christmas presents to space station
  • Russian ship detaches from space station

  • SpaceDev Completes Completes Flight Test Plan For Dream Chaser
  • Russia sees end of road for space tourism
  • MIT seeks funding for elastic spacesuit
  • SPACEHAB Announces Successful ARCTUS Mid-Air Recovery Test

  • China Set To Launch Manned Space Mission In 2008
  • China Reports Fourteen Potential Astronauts In Training For Three Seats
  • ISRO Saw String Of Successes In 2007
  • First Chinese Satellite Conglomerate Beams Into Operation

  • ESA Training Team ATV
  • Honda's ASIMO robot gets smarter
  • Toyota's new robot can play the violin, help the aged
  • Humanoid teaches dentists to feel people's pain: researchers

  • 2007 WD5 Mars Collision Effectively Ruled Out As Impact Odds Widen To 1 In 10000
  • Russia claims to be ahead in race to put man on Mars
  • Spirit's West Valley Panorama
  • New Observations Slightly Decrease Mars Impact Probability

  • The content herein, unless otherwise known to be public domain, are Copyright Space.TV Corporation. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space.TV Corp on any Web page published or hosted by Space.TV Corp. Privacy Statement