WESTMINSTER, Colo. (DigitalGlobe PR) — DigitalGlobe, Inc. (“DigitalGlobe”) (NYSE: DGI), the global leader in Earth imagery and information about our changing planet, today announced its preliminary results that its shareowners overwhelmingly voted to approve the Company’s proposed merger with MacDonald, Dettwiler and Associates Ltd. (“MDA”) (TSX: MDA) at a special meeting of DigitalGlobe shareowners held today.
Approximately 93 percent of the shares represented and voting at the meeting voted in favor of the merger. More than 53 million, 81 percent, of DigitalGlobe’s outstanding shares were voted at the meeting. Final results of the vote will be reported in a Form 8-K as required by applicable SEC rules.
“We are pleased with the strong support we received from shareowners for the merger of DigitalGlobe and MDA,” said Jeffrey R. Tarr, DigitalGlobe CEO. “This marks an important milestone in bringing together our two companies. Upon completion, this combination will expand our capabilities, increase our scale and diversify our revenue, creating powerful solutions for customers, greater value for shareowners and new opportunities for team members.”
MDA separately announced today that its shareowners also overwhelmingly voted to approve the issuance of MDA common shares to the holders of DigitalGlobe stock and certain equity awards in connection with the merger at a special meeting of MDA shareholders.
As previously announced, the transaction is expected to close in or shortly after the third quarter of 2017, subject to approval from the Committee on Foreign Investment in the United States (“CFIUS”) and other customary approvals and closing conditions.
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VANCOUVER, BC (MDA PR) — MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX:MDA), a global communications and information company, today announced that it has received an Authorization to Proceed on a multi-million dollar contract from Sierra Nevada Corporation (SNC).
MDA will provide a communications subsystem for on-board communication signal processing capabilities for the Dream Chaser® Cargo System, a cargo transportation spacecraft being developed by SNC under the NASA Commercial Resupply Services (CRS2) program. The spacecraft is scheduled for at least six cargo delivery missions to and from the International Space Station between 2020 and 2024.
Joanna Boshouwers, MDA’s vice president and general manager responsible for this business said, “We are pleased to continue our partnership with SNC and to contribute to the success of the CRS2 program. MDA is a long-term supporter of SNC’s innovative Dream Chaser® space vehicle, and we look forward to working closely with SNC to bring it into service for NASA.”
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SAN FRANCISCO and WESTMINSTER, Colo. (MDA PR) — MacDonald, Dettwiler and Associates Ltd. (“MDA”) (TSX: MDA) and DigitalGlobe, Inc. (“DigitalGlobe”) (NYSE: DGI) today provided several updates related to the status of the pending acquisition of DigitalGlobe by a wholly owned subsidiary of MDA.
MDA and DigitalGlobe have withdrawn and re-filed their joint voluntary notice to the Committee on Foreign Investment in the United States (“CFIUS”) to provide additional time for CFIUS to complete its consideration of the proposed merger. Upon acceptance of the re-filing, CFIUS will initiate a new 30-day review period.
PALO ALTO, Calif. (SSL PR) – MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX:MDA), a global communications and information company, today announced that its subsidiary Space Systems Loral (SSL) was selected to provide a next-generation satellite constellation for high-resolution Earth imaging to DigitalGlobe, the global leader in Earth imagery and information about our changing planet. Called WorldView Legion, the Low Earth Orbit (LEO) satellites will more than double DigitalGlobe’s high-resolution capacity in important regions. The contract is valued at several hundred million U.S. dollars..
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.
SAN FRANCISCO and WESTMINSTER, Colo. – February 24, 2017 – MacDonald, Dettwiler and Associates Ltd. (“MDA”) (TSX: MDA), a global communications and information company providing technology solutions to commercial and government organizations worldwide, and DigitalGlobe, Inc. (“DigitalGlobe”) (NYSE: DGI), the global leader in Earth imagery and information about our changing planet, today announced they have entered into a definitive merger agreement, pursuant to which MDA will acquire DigitalGlobe for US$35.00 per share in a combination of cash and stock.
The transaction values DigitalGlobe at an equity value of approximately C$3.1 billion (US$2.4 billion), and an enterprise value of C$4.7 billion (US$3.6 billion), including assumption of DigitalGlobe’s C$1.6 billion (US$1.2 billion) in net debt. The transaction has been unanimously approved by the boards of directors of both companies, and is expected to close in the second half of 2017.
CAMBRIDGE, ONT, Nov. 2, 2016 (exactEarth PR) – exactEarth Ltd. (TSX: XCT), the leading provider of Satellite AIS data services, announces that it has been awarded a four-year $2.7 million (including taxes) contract by MacDonald, Dettwiler and Associates Ltd. (MDA) to provide AIS data processing services for the Canadian Department of National Defence’s (DND) Polar Epsilon 2 (PE2) project.
The PE2 project is a national initiative that will combine radar and AIS data from the RADARSAT Constellation Mission to provide enhanced maritime domain awareness that will identify, detect and track vessels in Canada’s maritime approaches and support Canadian Armed Forces at home and abroad.
RICHMOND, BC (MDA PR) — MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX: MDA), a global communications and information company, announced today it has signed a contract amendment with the Canadian Space Agency for CA$35 million. The amendment provides funding for continued support to the ongoing robotic operations of the Mobile Servicing System on the International Space Station (ISS).
The Mobile Servicing System comprises Canadarm2, the Special Purpose Dextrous Manipulator known as “Dextre,” and the Mobile Base System. These three robotic systems perform a variety of operations ranging from resupply, maintenance, and servicing tasks on the space station that are critical to the on-going operations of the ISS.
MDA is a global communications and information company providing operational solutions to commercial and government organizations worldwide.
MDA’s business is focused on markets and customers with strong repeat business potential, primarily in the Communications sector and the Surveillance and Intelligence sector. In addition, the Company conducts a significant amount of advanced technology development.
MDA’s established global customer base is served by more than 4,800 employees operating from 13 locations in the United States, Canada, and internationally.
The Company’s common shares trade on the Toronto Stock Exchange under the symbol “MDA.”
Richmond, BC – MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX: MDA), a global communications and information company, today announced that it has been awarded multiple contracts from the Canadian Space Agency with a combined total value of CA$1.7 million.
MDA from Canada, Sodern from France and Teledyne Defence from the UK are now part of the OneWeb venture Contractors to provide antennas, star trackers and repeater equipment for 900 satellites
TOULOUSE, France (Airbus Defence & Space PR) — OneWeb Satellites, a joint venture equally owned by Airbus Defence and Space and OneWeb, has selected the first three top-tier subcontractors. The supply contracts have been signed with MacDonald, Dettwiler and Associates Ltd. (MDA) from Canada, Sodern from France and Teledyne Defence (a business unit of Teledyne Microwave Solutions) from the United Kingdom.
RICHMOND, BC (MDA PR) — MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX: MDA), a global communications and information company, today announced that its Board of Directors has appointed Mr. Howard L. Lance as President and Chief Executive Officer of MDA, effective May 16, 2016. The Board expects to appoint Mr. Lance to the MDA Board of Directors shortly after he joins the Company.
Mr. Lance succeeds Daniel Friedmann, who has served as CEO since 1995. Mr. Friedmann will continue to serve as member of the Board of Directors. This appointment is part of MDA’s broader strategy to position itself to enable the Company to bid and execute a much broader range of U.S. Government and commercial contracts.
Europe’s next-generation Ariane 6 rocket remains on track for a 2020 first launch with a cost structure allowing the heavier Ariane 64 version to advertise per-kilogram prices below today’s Space X Falcon 9, European government and industry officials said April 6.
They said they saw no roadblocks to the 2020 first-flight date despite what they described as noncritical delays that have no impact on the rocket’s design, performance or cost targets.
These issues include a delay of several months in the ramp-up of Airbus Safran Launchers (ASL), which is the Ariane 6 prime contractor, due to tax issues in France, and an extended antitrust review by the European Commission of ASL’s plan to become the dominant shareholder of the Arianespace commercial launch consortium.
SES said specifically it had opened negotiations with two companies — industry officials said they are Dulles, Virginia-based Orbital ATK’s Vivisat and MDA Corp. of Canada — “to have each extend the life of one of our satellites once their services are operational.”
The two in-orbit servicing projects take different approaches. Orbital ATK’s Vivisat launches a small vehicle that latches onto the target communications satellite and stays attached to it, providing fuel. MDA Corp. has designed an in-orbit fuel depot that would visit satellites, fuel them and then leave to service other customers….
ES has said that, for the right price, it is willing to be the inaugural customer using a refurbished Falcon 9 first stage “to show our commitment to reusable rockets.”
SES plans to launch seven satellites by late 2017– three in 2016 and four in 2017 – of which five are slated for SpaceX Falcon 9 missions, with two on Europe’s Ariane 5 rocket. The first of the seven, SES-9, was successfully launched in March aboard a Falcon 9.
TORONTO – The Canadian Space Commerce Association (CSCA) is pleased to welcome the addition of five new corporate members.
Joining the CSCA as new corporate members are; Euroconsult Canada, Western University’s Centre for Planetary Science and Exploration (CPSX), MacDonald, Dettwiler and Associates Ltd. (MDA), Space Strategies Consulting Ltd. (SSCL) and the Institute for Space Science, Exploration and Technology at the University of Alberta.