KippsDeSanto & Co. Advises General Dynamics Advanced Information Systems, Inc. on the Sale of Its Advanced Systems Line of Business to MacDonald, Dettwiler and Associates Ltd.
KippsDeSanto & Co. is pleased to announce the sale of the Advanced Systems line of business (the “Company”) of General Dynamics Advanced Information Systems, Inc. (“GDAIS”) to MacDonald, Dettwiler and Associates Ltd. (“MDA”) (TSX:MDA). The transaction affords new opportunities for MDA, a Canadian based publicly traded company, to support additional surveillance and intelligence programs in the United States.
Based in Ypsilanti, Michigan, the Advanced Systems line of business is a leader in the design, development, and production of radar and other information sensors for the U.S. government. The Advanced Systems line of business is strategically positioned given shifting focus towards strategic national security areas of interest that require advanced Intelligence, Surveillance, and Reconnaissance (“ISR”) capabilities.
We believe this transaction demonstrates several key trends in the aerospace / defense and government technology solutions M&A environment:
- Continued trend of corporate divestitures as businesses of all sizes shape their portfolio to focus on the core
- Attractiveness of differentiated technology solutions in mission-critical markets (e.g., intelligence, C4ISR)
- Emphasis on entrenched and long-standing relationships with coveted IC customers
KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading aerospace / defense and government technology solutions companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.
We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.
KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein
MDA Completes Strategic Capability Acquisition in the United States
VANCOUVER, Oct. 3, 2014 /CNW/ – MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX:MDA), a global communications and information company, today announced that it has closed the acquisition of Advanced Systems, a line of business from General Dynamics Advanced Information Systems, Inc., announced in July 2014. This business will become part of MDA Information Systems LLC.
Located near Detroit, Michigan, the Advanced Systems business has approximately 170 employees and generates annual revenues of approximately US$40 million. The business has over 50 years of in-depth experience in development and application of radar and other information sensors for the U.S. Government. This unique capability is expected to strengthen the Company’s ability to pursue future opportunities in the U.S. market.
MDA is a global communications and information company providing operational solutions to commercial and government organizations worldwide.
MDA’s business is focused on markets and customers with strong repeat business potential, primarily in the Communications sector and the Surveillance and Intelligence sector. In addition, the Company conducts a significant amount of advanced technology development.
MDA’s established global customer base is served by more than 4,800 employees operating from 11 locations in the United States, Canada, and internationally.
The Company’s common shares trade on the Toronto Stock Exchange under the symbol “MDA.”