MacDonald, Dettwiler and Associates Ltd. is selling the division that developed the distinctive Canadarm space shuttle technology to a U.S. firm as part of a $1.325 billion cash deal.
Late Tuesday, Richmond, B.C.-based MDA said it had sold its information systems, satellite and space mission businesses to Alliant Techsystems of Edina, Minn.
The sale includes the division that developed the Canadarm robotic arm that is used on space shuttle missions and on the International Space Station. MDA acquired the Canadarm business from Spar Aerospace in 1999.
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MDA (MacDonald Dettwiler) selling important division to USA
