Earth Satellite Corp
Earth Satellite Corp. Renamed MDA Federal Inc.
As part of a broad re-branding initiative by its parent company, MacDonald Dettwiler and Associates Ltd. (MDA), Earth Satellite Corp., of Rockville, MD, is being renamed MDA Federal Inc. From now on, the company will conduct its business under the common brand name "MDA."
Our new web site is www.mdafederal.com.
Acquired by MDA in 2001, Earth Satellite Corp. is a leading provider of geospatial information products and services to the defense, intelligence, resource management, weather and mapping markets.
"This will better position us to offer the full range of MDA's capabilities to our clients," said Douglas Hall, president of MDA Federal. "In addition to EarthSat's leading-edge geospatial information products, MDA offers a broad spectrum of earth and space-based information solutions, ranging from complex operational systems to tailored information services to electronic information products. Many of MDA's customers are increasingly focused on procuring complete solutions from a well-known, trusted supplier, and these solutions are dependent on a mix of space systems, ground systems, and information services."
MDA Federal will continue to maintain all the operations and staff currently residing within EarthSat, and the renaming involves no structural changes.
MDA provides advanced information solutions that capture and process vast amounts of data, produce essential information, and improve the decision making and operational performance of business and government organizations worldwide. MDA employs more than 2,500 people in locations across the United States, the United Kingdom, and Canada.
October 3, 2005
MDA to Acquire EarthSat to Expand GIS Products
MacDonald, Dettwiler and Associates Ltd. (TSE: MDA) announced today the company is significantly increasing its presence in the U.S. market--and expanding its capability to extract land information from images--by acquiring Earth Satellite Corporation of Maryland.
(December 13, 2001) EarthSat is one of the largest U.S. suppliers of information products derived from satellite imagery and other sources. Its customers include many U.S. federal agencies, as well as numerous commercial and private clients. The company has 134 employees, and presently operates on an annualized revenue of approximately $20 million (U.S.).
MDA's Geographic Information Products Group already has a strong profile in Canada, at the state and local level in the U.S., and internationally. Now, with the addition of EarthSat, MDA's market reach is significantly enhanced. The Group is uniquely positioned to provide land information products to its customers, using data from a number of sources--satellite, airborne, radar, and LiDAR.
MDA has signed a Letter of Intent to acquire EarthSat, subject to regulatory and governmental approvals and other terms, which are expected to be completed in the first quarter of 2002. The company will pay net cash purchase consideration of approximately $30 million (U.S.) for EarthSat. The transaction is expected to be accretive to MDA's earnings. An acquisition of this magnitude by the company has been assumed in MDA's business target plans for 2002.
"EarthSat has a strong record of responding to customer needs with innovative products, said MDA President and CEO Daniel Friedmann. "The acquisition of EarthSat strongly enhances our company's position as a leader in geographic and land information products. With over 500 employees and offices in the U.S. and Canada, the MDA Geographic Information Products Group will be one of the largest and most proficient players in the industry."
EarthSat CEO Douglas Hall commented: "We're excited to be part of a company that has achieved tremendous success in identifying growing markets and developing information solutions for those markets."
MDA delivers essential information that organizations need to make decisions. The company has over 1,800 employees worldwide.