ATK Becomes End-End Satellite Competitor with $1.3B MDA Acquisition

Dextre: part of ISS(click to view full) Alliant Techsystems announced today that it has negotiated definitive agreements with Canadian-based MacDonald, Dettwiler and Associates to acquire its Information Systems and Geospatial Information Services businesses for C$1.325 billion (about $1.318 billion). MDA’s IS/GIS business has more than 1,900 employees and estimated FY 2009 revenues of approximately USD$ 500 million, and is a global leader in space-based radar systems, space robotics (the robotic arms for the NASA Space Shuttle and International Space Station are MDA products), satellite systems, and imaging satellite ground stations and processing; with additional world-class capabilities in satellite payloads, C4ISR, and geospatial services. ATK’s rationale for the acquisition was straightforward: “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 […]