MDA to Acquire DigitalGlobe for $2.4 Billion

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.

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exactEarth Awarded Polar Epsilon 2 Contract

exact_Earth_logoCAMBRIDGE, 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.

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MDA Continues Support for ISS Robotics

Dextre at the end of Canadarm2. (Credit: NASA)
Dextre at the end of Canadarm2. (Credit: NASA)

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.

About MDA

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.”

CSA Awards MDA Multiple Space Exploration Contracts

mda_logoRichmond, BCMacDonald, 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 will provide:

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First Three Subcontractors Selected by OneWeb Satellites

OneWeb constellation. (Credit: Airbus Defence & Space)
OneWeb constellation. (Credit: Airbus Defence & Space)

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.

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MDA Names Howard L. Lance as President and CEO

Howard Lance
Howard Lance

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.

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Euro Updates: Ariane 6 Price Promises, SES Embraces SpaceX & Orbital Servicing

Artist's impression of Ariane 6. (Credit: ESA)
Artist’s impression of Ariane 6. (Credit: ESA)

Updates from the Old World: European officials say they can beat SpaceX’s launch pricing four years from now.

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.

Meanwhile, satellite fleet operator SES is embracing on-orbit servicing and SpaceX’s reusable Falcon 9.

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.

CSCA Adds 5 New Corporate Members

csca_lofo
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.

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MDA Win Contract to Upgrade Cameras on ISS Mobile Servicing System

dragon_canadarm2
Richmond, 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 signed a contract for CA$11 million with the Canadian Space Agency to design and develop upgraded camera systems for the Mobile Servicing System (MSS). The contract includes an option for the build and test of flight cameras.

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Lockheed Martin Proposes New ISS Cargo & Servicing System

Lockheed Martin space tug.
Lockheed Martin cargo vessel and space tug.

DENVER, March 13, 2015 (Lockheed Martin PR) – The technologies behind Lockheed Martin’s [NYSE:LMT] proposal for NASA’s Commercial Resupply Services 2 (CRS-2) program contain three major elements: a reusable space servicing vehicle called Jupiter™; a large, versatile cargo container named the Exoliner™; and a robotic arm. Unveiled March 12 in Washington, the company’s approach to the CRS-2 program offers NASA extensive cargo capacity and the opportunity to host commercial payloads, and builds a foundation for future deep space exploration systems.

CRS-2 is a NASA program to resupply the International Space Station (ISS) with food, equipment and other critical supplies.

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Canadian Space Agency Supports Five Studies on Microsatellites

CSALONGUEUIL, Quebec (CSA PR) — The Canadian Space Agency (CSA) has awarded five contracts to Canadian industry to perform feasibility studies on five potential future microsatellite missions.

These proposed missions would address Canada’s domestic needs in security, health, forest fire surveillance, weather surveillance and water quality monitoring. As well, the missions would allow the Canadian space sector to advance industrial capabilities in microsatellite technology, especially in mission development, and advanced optical and communications payloads.

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MDA Selected to Define Robotic Concepts for Deep-Space Missions

mda_logoRICHMOND, 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 two contracts from the Canadian Space Agency to define critical technologies and assess potential contributions that Canada could make to future space exploration missions beyond low-Earth orbit.

MDA will assess application of Canadian robotic technologies to potential missions such as the Asteroid Redirect Mission (ARM), subject of the recently announced Broad Agency Announcement issued by NASA, and the Deep-Space Habitat Mission at EML-2 (Earth-moon libration point 2) proposed in the Global Exploration Roadmap.

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MDA Receives Additional Contract for Work on DARPA’s Project Phoenix

Phoenix satellite concept. (Credit: DARPA)
Phoenix satellite concept. (Credit: DARPA)

Richmond, BC (MDA PR) — MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX: MDA), a global communications and information company, announced today that it has been selected for additional robotics work for the U.S. Defense Advanced Research Projects Agency (DARPA) Phoenix Program.

MDA has started work under the next phase of the Phoenix Program, with related contracts expected to total approximately US$10 million. The work will be carried out by both MDA and Space Systems/Loral (SSL).

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