MDA sells off information systems biz to Alliant

Edina, Minnesota-based Alliant Techsystems shelled out $1.325-billion in cash for the information systems and geospatial services operations of information solutions provider MacDonald, Dettweiler, and Associates (MDA).

MDA, started in Richmond, British Columbia, will stick instead to its information products business, building new products and operating infrastructures, and plans to use the money from the sale to buy up other information product companies.

Alliant Techsystems—which sells satellites, hypersonic engines, and spacecraft launch and orbit transfer motors—will create a new business group, ATK Space Systems, to house the MDA operations and other related American assets; it will be run by MDA executive vice-president of information systems Magued Iskander.

The acquisition is expected to close in the second quarter, pending approval from MDA shareholders and North American regulatory bodies.

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

Related Tech News

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Featured Reads