This move achieves the following strategic objectives:
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Brings a major source of supply directly under MDA control.
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Significantly improves MDA's value added content in future information solutions
containing space based data collection and distribution.
The parties are seeking to close the transaction during 2005, subject to the satisfaction
of normal closing conditions and clearance by Canadian antitrust authorities.
About MacDONALD, DETTWILER AND ASSOCIATES LTD. (MDA)
MDA provides advanced information solutions that capture and process vast amounts
of data, produce essential information, and improve the decision making and operational
performance of business and government organizations worldwide.
Focused on markets and customers with strong repeat business potential, MDA delivers
a broad spectrum of earth and space based information solutions, ranging from complex
operational systems, to tailored information services, to electronic information
products.
MDA employs more than 2,500 people in locations across the United States, the United
Kingdom, and Canada. The Company's common shares trade on the Toronto Stock Exchange
under the symbol TSX:MDA.
Related Websites:
www.mdacorporation.com