SS/L переходит под контроль MDA: мегасделка

[Sharicoff]

Американская компания-производитель спутников Space Systems/Loral (SS/L) продана канадцам из MacDonald, Dettwiler and Associates Ltd.

http://www.mdacorporation.com/corporate/news/pr/pr2012062601.cfm
http://www.ssloral.com/html/news/loralsellsssl_062612.html

[Старый]

Вот это новость!
 Не выжил в одиночку крупнейший производитель спутников связи.
Хороший пример нашим борцам за конкуренцию.

[instml]

А канадцы принадлежат Орбиталу, который сам спутники клепает...

[Старый]

А канадцы принадлежат Орбиталу, который сам спутники клепает...

Разве MDA принадлежит Орбиталу?

[instml]

Компания Orbital Sciences Co. объявила 27 июня о том, что ее канадский филиал MacDonald, Dettwiler and Associates Ltd. (MDA) получил от канадского CSA и американского NASA два контракта на сумму 65 млн $ по выполнению работ для МКС. Канадский контракт предусматривает техническое обоснование, разработку и исполнение материально–технического обеспечения Мобильной системы обслуживания (Mobile Servicing System, MSS). Контракт охватывает наземную отработку, запуск и использование на орбите средств обеспечения MSS. Контракт стоит 50 млн $ и рассчитан на 3 года. Сама система MSS разрабатывается и изготавливается Канадой как вклад в программу МКС. Система включает в себя канадский дистанционный манипулятор SSRMS. Срок эксплуатации MSS составляет, по расчетам, 15–20 лет.

http://www.novosti-kosmonavtiki.ru/content/numbers/211/46.shtml

Если с тех пор не перепродались

[Старый]

Странно. Почему тогда не говорят что Лорал куплен Орбиталом?

[Liss]

А канадцы принадлежат Орбиталу, который сам спутники клепает...

Принадлежали в 1995-2001.

[instml]

Угу, до меня уже дошло

[zyxman]

Вот это новость!
 Не выжил в одиночку крупнейший производитель спутников связи.
Хороший пример нашим борцам за конкуренцию.

Почему именно не выжил? - Есть миллион вариантов, зачем продать бизнес.

[Not]

The principal components of the transaction include:

    - MDA's purchase of all of the equity of SS/L for US$774 million, payable in cash;
    - MDA's purchase of certain real estate used in connection with SS/L's business for US$101 million, payable through a bank guaranteed three year promissory note;
    - Cash dividends and other payments from SS/L to Loral equal to approximately US$112 million (representing the amount of SS/L's cash balances as of March 31, 2012) plus an incremental per diem amount (equating to approximately US$5.8 million per month) from March 31, 2012 to and including the closing date of the transaction;

Всего за миллиард! Кошмарики. За эти же деньги Фейсбук купил вшивый Инстаграм в котором два десятка работников. Давно было известно, что Пало Альто разлагается и ничего приличного там сделать невозможно, Loral/SS - лучший тому пример.

Местный народ мрачно шутит, что не китайцам продали, что уже хорошо  

Впрочем, с таким CEO удивляться не приходится:

Mr. Targoff attended Brown University, where he received a Bachelor of Arts degree in 1966 and he earned a doctor of jurisprudence degree from the Columbia University School of Law in 1969. He was a Harlan Fiske Stone Scholar and editor of the Columbia Journal of Law & Social Problems.

[Новый]

А канадцы принадлежат Орбиталу, который сам спутники клепает...

:shock:  :shock:  :shock:
А MDA вкурсе?

[instml]

А канадцы принадлежат Орбиталу, который сам спутники клепает...

:shock:  :shock:  :shock:
А MDA вкурсе?

Уже разобрались, MDA принадлежало Orbital Sciences

[Старый]

Кто купил Лорала вроде понятно. А кто продал?

[instml]

Loral Space and Communications Inc.

[Старый]

А! Лорал продала своё спутниковое подразделение?

[instml]

А! Лорал продала своё спутниковое подразделение?

Получается да.

About Loral Space & Communications Inc.
Loral Space & Communications is a satellite communications company. It is a world-class leader in the design and manufacture of satellites and satellite systems for commercial and government applications including fixed satellite services, direct-to-home television, broadband communications, wireless telephony, weather monitoring and air traffic management. Loral also owns 64 percent of Telesat Canada, a global operator of telecommunications and direct broadcast satellites used to distribute video entertainment programming, broadband data, and provide access to Internet services and other value-added communications services. For more information, visit Loral's web site at www.loral.com . LORL-F

About Space Systems/Loral
Space Systems/Loral, a subsidiary of Loral Space & Communications (NASDAQ: LORL), has a long history of delivering reliable satellites and spacecraft systems for commercial and government customers around the world. As the world's leading provider of commercial satellites, the company works closely with satellite operators to provide spacecraft for a broad range of services including television and radio distribution, digital audio radio, broadband Internet, and mobile communications. Billions of people around the world depend on SS/L satellites every day. For more information, visit www.ssloral.com .

[Salo]

http://www.spacenews.com/military/120727-mda-ssl-deal-close-fall.html

Fri, 27 July, 2012
MDA Expects Space Systems/Loral Deal To Close this Fall[/size]
By Peter B. de Selding

    PARIS — Canada's MDA Corp., which expects its purchase U.S. satellite builder Space Systems/Loral to be completed by this fall, on July 26 said it has booked "several 10s of millions of dollars" in orders from the U.S. Defense Advanced Research Projects Agency (DARPA) for robotic elements of a satellite-salvage program.

    Several companies, including Space Systems/Loral (SS/L), have won contracts as part of DARPA's Phoenix program, whose goal is to launch small "satlets" to attach to dead in-orbit satellites, remove usable components and reuse them in orbit.

    Palo Alto, Calif.-based SS/L and MDA are not comparing notes on Phoenix or anything else while they await regulatory approval of MDA's $875 million purchase.

    In a July 26 conference call with investors, MDA Chief Executive Daniel E. Friedmann said MDA continues to see growth in the global satellite communications market on its own.

    Richmond, British Columbia-based MDA recently booked a $90 million order with Israel Aerospace Industries to provide the payload for the Amos-6 telecommunications satellite, for which the Israeli customer will provide the platform. MDA also won a $35 million order from Avanti Communications of London to provide the Ka-band payload for Avanti's Hylas 3 telecommunications satellite.

    Neither of these orders figures in MDA's financial results. The Israeli order is still limited to an authorization to proceed, with a final contract expected in the coming weeks. The Avanti contract was booked after the June 30 close of the second quarter.

    MDA is more than 90 percent finished with its work on the AM-5 telecommunications satellite for the Russian Satellite Communications Co. of Moscow, and about 80 percent finished with the AM-6 satellite.

    A telecommunications satellite for Ukraine, which was delayed while Ukrainian authorities sorted out orbital-slot and broadcast-frequency rights, is about one-third complete, Friedmann said.

    MDA is eyeing a future order from Israel for an Amos-7 satellite that could be ordered in 2013, and from a Brazilian customer as that nation expands its satellite telecommunications business.

    Friedmann said a $12 million order from the Canadian Space Agency for the Radarsat Constellation Mission (RCM) does not mean this on-again, off-again program is now back on track.

    MDA, which is the presumptive prime contractor for the program, is still planning to shut down its work on this program in October absent a concrete decision on funding for the construction phase. "RCM goes to zero in October," Friedmann said. "It's about half of where it was a year ago. It's winding down very quickly."

    MDA said it booked about $1.9 million in legal and other costs related to the SS/L purchase, meaning MDA's successful bid apparently cost less than an aborted effort by Orbital Sciences of Dulles, Va.

    Orbital has not confirmed that the $2.1 million in costs related to an unidentified, and subsequently withdrawn, acquisition attempt was related to SS/L, but industry officials said Orbital was in the hunt for SS/L before determining that it would not match the MDA bid.

    For the six months ending June 30, MDA reported revenue of 336 million Canadian dollars ($328 million), down 16 percent from the same period a year ago.

    MDA Chief Financial Officer Anil Wirasekara said the decrease was due in part to a lower level of pass-through revenue, meaning work performed by other companies but under an MDA contract. Pass-through revenue usually carries a lower profit margin than value-added work MDA does on its own, which helps explain why operating earnings before interest, taxes, depreciation and amortization, or EBITDA, at 95.8 million, was up from a year ago at 29 percent of revenue versus 24 percent.

    Similarly, operating earnings, at 58.1 million Canadian dollars, was up about 4.5 percent from last year.[/size]

[Salo]

http://www.spacenews.com/satellite_telecom/120810-ssl-profit-drops-revenue-rises.html

Fri, 10 August, 2012
SS/L Profit Drops Sharply Even as Revenue Rises
By Peter B. de Selding

 PARIS — Satellite manufacturer Space Systems/Loral (SS/L) on Aug. 10 reported a 9 percent increase in revenue but a sharp drop in operating profit for the six months ending June 30 and said it could lose up to $8 million in orbital incentives if a review blames SS/L, and not Sea Launch, for the solar-array failure on the Intelsat 19 telecommunications satellite.

 Palo Alto, Calif.-based SS/L, which is being sold to Canada's MDA Corp. for $875 million, said Luxembourg- and Washington-based Intelsat owes it $18 million in orbital incentive payments that are paid out during a satellite's service life.

 The SS/L-built Intelsat 19 satellite was launched June 1 aboard a Sea Launch rocket and suffered damage to its south solar array. The cause of the damage is under investigation, with SS/L and Sea Launch each suggesting that it is the other's hardware that is at fault.

 In a filing with the U.S. Securities and Exchange Commission, SS/L parent company Loral Space and Communications of New York said that if the failure is pinned solely on the satellite, SS/L would lose $8 million of incentives. If Bern, Switzerland-based Sea Launch AG's rocket is found to be the cause, SS/L should receive the full $18 million in orbital incentives assuming no other issues develop during the satellite's service life, Loral said.

 The figures do not include any costs incurred by SS/L during the failure inquiry.

 For the six months ending June 30, SS/L reported revenue of $581 million, up 9.2 percent fr om the same period a year ago. But operating income, at $11.1 million, was down nearly 80 percent in the period. Loral said the drop in income is due to several factors:

 • A $12 million loss provision for a contract awarded earlier this year.

 • An $11 million decline in profit due to lower revenue because the current satellites SS/L is building are smaller than they were during the same period last year.

 • An $8 million expense due to delays in a satellite launch caused by a technical issue with the satellite.

 • Additional expenses of $10 million to prepare contract proposals.

 SS/L's backlog was $1.7 billion as of June 30, up 20 percent from wh ere it was Dec. 31. The company has won three satellite orders in 2012.

 The company said SS/L had $364.7 million in outstanding orbital incentive payments as of June 30.

 Loral owns 56 percent of Xtar of Herndon, Va., which operates the Xtar-Eur X-band spacecraft at 29 degrees east longitude and leases 7.2 72-megahertz transponders on the Spainsat satellite owned by Hisdesat of Spain. Hisdesat owns the remaining 46 percent of Xtar.

 Xtar, which has struggled to win military and other government business, reported $14.7 million in revenue for the six months ending June 30, down 15 percent from the same period a year ago. The company reported an operating loss of $6.7 million for the period, up from $4.6 million last year.