MDA Subject of Sales Talk [Bloomberg]

by

According to a Bloomberg.com story, MacDonald, Dettwiler and Associates (MDA), Canada’s leading space prime contractor and builder of the robotic Canadarm aboard the international space station, is contemplating a sale of all or part of the company.

This is in spite of what appears to be a denial on the part of MDA, which is included in the story.

     “The company ‘continually evaluates strategic alternatives relating to its various businesses to increase shareholder value,’ MacDonald Dettwiler said in a statement. There is nothing to disclose at this time and the company isn’t considering a sale of all or part of its systems division, according to the statement. The systems division includes aerospace assets.”

A few years back, MDA had an agreement to sell its space division, which also is prime contractor and operator for Canada’s Radarsat-1 and Radarsat-2 radar-imaging satellites, to Alliant Techsystems of the United States. That deal was nixed by the Canadian government.

 

READ IT AT: [Bloomberg]