Richmond's MacDonald, Dettwiler and Associates (TSX:MDA) has bought Pasadena, California-based Alliance Spacesystems LLC for an undisclosed sum.
Alliance provides U.S. government and aerospace customers with sophisticated robotic and mechanical structures used in space and on Earth.
Alliance will become part of MDA Federal, a subsidiary that includes all of MDA's American information systems businesses. MDA Federal operates under a special security agreement to ensure it complies with the requirements of classified projects.
MDA's share price range in the past week: between $42.55 and $44.60.