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Article: Now that's VERTICALLY INTEGRATED.(BUSINESS)
- Article from:
- Star Tribune (Minneapolis, MN)
- Article date:
- January 9, 2008
- Author:
CopyrightCOPYRIGHT 2008 Star Tribune Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Dee DePass; Staff Writer
Defense firm Alliant Techsystems Inc. of Edina has agreed to buy a sizable chunk of the Canadian satellite giant MacDonald, Dettwiler and Associates for $1.33 billion in cash.
The sale of MDA's information systems and geospatial information services divisions to Alliant was announced after the market closed Tuesday. The deal, which is expected to become final in April, means Alliant for the first time will have the ability to make every part of a satellite in-house.
The purchase also is Alliant's first international acquisition and its largest - double the $685 million it paid for rocket booster firm Thiokol in ...