It’s hard to imagine but there is high-altitude traffic. Over 30 satellite companies with around 1,000 communication satellites are competing for quadrants of the sky. Canada’s MacDonald, Dettwiler and Associated Ltd. (MDA
) acquired the satellite manufacturing subsidiary of Loral Space & Communications Inc. (NASDAQ:LORL
) for around $875 million in late 2012. The acquisition merged two global communications leaders for a new focus on capturing business from the U.S. government and the commercial market for satellite communications.
Incorporated in 1969, MacDonald, Dettwiler and Associates Ltd. (MDA
) is a communications company that provides surveillance, intelligence and geospatial services to commercial and government organizations. MDA’s systems and services integrate information from space-based, airborne, maritime, and ground-based sources into information for government, commercial, and business customers such as space and remote sensing, land surveillance and intelligence, aviation, maritime defense, and security and energy. Continue Reading »