04:57 PM EST - MacDonald, Dettwiler and Associates Ltd. : is selling its space missions and satellite business to Alliant Techsystems (NYSE:ATK) for $1.325 billion in cash. MDA CEO Daniel Friedmann said the sale of the information systems and geospatial services business will allow the company to focus management and financial resources exclusively on its rapidly growing information products business. The company says it plans to use most of the proceeds from the deal to invest in acquisitions to build its information products business. MacDonald, Dettwiler and Associates Ltd.
shares T.MDA are trading off 15 cents at $42.51.
