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Business/Financial

ATK Moves To Become Full Spectrum Space Company With MDA Purchase

DDN

Wednesday, January 9th, 2008

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By Calvin Biesecker Alliant Techsystems [ATK] yesterday said it has agreed to acquire the space and related information systems business of Canada's MacDonald Dettwiler and Associates (MDA) in a $1.3 billion cash deal that will make ATK a full-spectrum space company and double its international presence. ATK has arranged financing for the acquisition, its largest ever, which it expects to close early in the second quarter of this year. The deal is subject to approval by regulators in the United…

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