“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.”