Leonardo, Thales Study MDA Bid

The CEO of Leonardo has said the Italian group is considering a joint bid of about USD1 billion with Thales for Maxar Technologies Inc company MacDonald, Dettwiler and Associates (MDA). In remarks reported by Reuters on 2 July - and corroborated for Jane's on 3 July by a Leonardo official - Alessandro Profumo noted that MDA is an attractive...

The CEO of Leonardo has said the Italian group is considering a joint bid of about USD1 billion with Thales for Maxar Technologies Inc company MacDonald, Dettwiler and Associates (MDA).

In remarks reported by Reuters on 2 July - and corroborated for Jane's on 3 July by a Leonardo official - Alessandro Profumo noted that MDA is an attractive proposition for its satellite antenna technology. However, he said that a decision has not been made to submit an offer.

Neither Thales, Maxar, nor MDA responded to requests to comment.

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Source: www.janes.com