The company that built the robotic Canadarm for the U.S. Space Shuttle and International Space Station programs is returning to Canadian ownership in a $1-billion deal.
In this image provided by NASA the International Space Station's robotic arm, right, prepares to take the boom extension from the Space Shuttle's robotic arm prior to the space walk to repair the damaged solar array Saturday Nov. 3, 2007. The company that built the robotic Canadarm for the U.S. Space Shuttle and International Space Station programs is returning to Canadian ownership in a $1-billion deal announced Monday.
"Over its 50-year history, MDA has grown from a B.C.-based start-up into a world-class space technology company and an anchor of Canada's space program," said John Risley, the Halifax billionaire who founded Clearwater Fine Foods and is a principal with investor Andrew Lapham in Northern Private Capital.
MDA is also known for having developed Radarsat Earth-observation satellites and other advanced space technologies. Maxar shares, which are listed on both the Toronto and New York stock exchanges, rose by as much as 22.8 per cent or C$4.27 at an intraday high of C$22.98. The stock gave up some of its gains to trade at $21.90 about 1 p.m.
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