Satellite Servicing Initiative Gets a Big Boost

MDA Sells Majority Stake in its Satellite Servicing Business and Gets its First Customer, SpaceQ

"MDA, which had announced in early May the creation of Space Infrastructure Services (SIS) to handle its nascent satellite servicing business, today announced that Finance Technology Leverage LLC would take a majority stake in SIS and that global satellite communications company SES would be its first customer."

"As part of today's announcement, SIS has awarded a contract to MDA's U.S. division, SSL, a contract valued at US$228 million (CA$305 million)."

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