MDA Forms Space Infrastructure Services for Satellite Servicing

Satellite refueling mission (Credit: MDA)

SAN FRANCISCO, June 28, 2017 (SSL MDA PR) — SSL MDA Holdings Inc., a global communications and information company, today announced important milestones in its progress to bring transformational on-orbit satellite servicing to market.

Space Infrastructure Services LLC (SIS), a new U.S. company, will commercialize sophisticated satellite servicing capabilities, including refueling. SIS will be majority owned by Finance Technology Leverage LLC (FTL), a global investment company headquartered in Silicon Valley, along with other U.S. investors, with SSL MDA Holdings maintaining a minority ownership share.  Full financing for the venture is expected to conclude in the coming weeks.

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