Space-tech firm MDA back in Canadian hands with $1B sale to investors including Balsillie

“The space technology firm behind the iconic Canadarm is returning home after being bought by an investor group that includes prominent business leaders John Risley and Jim Balsillie.

The $1-billion deal to acquire MDA — once-known as MacDonald, Dettwiler and Associates — from Colorado-based Maxar Technologies Inc., will see the company’s headquarters move back to Canada, the group said.

Balsillie, the former co-CEO of BlackBerry Inc., is also expected to take a seat on the company’s board of directors.”