Orbital
Sciences Canadian Subsidiary Files For IPO
 Orbital
Sciences Corporation’s Canadian subsidiary, MacDonald, Dettwiler
and Associates Ltd. (MDA) has filed a preliminary prospectus in
connection with an initial public offering and secondary offering
of its common shares in Canada.
MDA, through
its Radarsat International subsidiary, developed, and operates
Radarsat 2. Subsidiary MacDonald
Dettwiler Space and Advanced Robotics (MD
Robotics) developed the Canadarm for NASA, and is developing the
next-generation Mobile Servicing System (MSS) for the
International Space Station. MD
Robotics was formed May 7, 1999 following acquisition of the Spar
Space Robotics operation from Spar Aerospace Limited.
MDA,
acquired by Orbital in 1995, provides end-to-end spatial
information systems, advanced space robotics technologies and
online land information services. It develops, builds and upgrades
imaging satellite ground stations and designs, manufactures and
supports space robotics used on the NASA Space Shuttle and
International Space Station. The shares are not being offered or
sold in the United States, or to or for the account of U.S.
persons, absent registration or an applicable exemption from
registration requirements of the U.S. Securities Act of 1933, as
amended, and applicable state securities laws. A syndicate of
Canadian underwriters will manage the MDA equity issue.
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