{"id":85278,"date":"2011-03-02T18:50:26","date_gmt":"2011-03-02T10:50:26","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/mda-property-information-business-sell-off-impacts-fourth-quarter-profits\/"},"modified":"2011-03-02T18:50:26","modified_gmt":"2011-03-02T10:50:26","slug":"mda-property-information-business-sell-off-impacts-fourth-quarter-profits","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/mda-property-information-business-sell-off-impacts-fourth-quarter-profits\/","title":{"rendered":"MDA Property Information Business Sell-Off Impacts Fourth-Quarter Profits"},"content":{"rendered":"<p>\n[03-02-11] <strong>MacDonald, Dettwiler and Associates <\/strong>(MDA) reported a 2010 fourth-quarter loss of $55.6 million, compared with income of $31.2 million in the same period a year ago, due to a one-time charge related to the sale of its property information business, the company announced March 1.<br \/>\n&nbsp;&nbsp;&nbsp; MDA\u2019s property information business, which provided satellite data to government, commercial and enterprise markets, was sold to U.S. private equity firm <strong>TPG Capital<\/strong> in November for $850 million. <br \/>\n&nbsp;&nbsp;&nbsp; In a statement, MDA CEO Dan Friedmann said the sale was part of his decision to realign MDA\u2019s business into a smaller unit, diverting the proceeds of the sale to support its businesses in aerospace information systems, surveillance, satellite information distribution and robotics. &#8220;MDA will stay on the hunt for acquisitions that will build on its existing talents and help it break into new markets.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[03-02-11] MacDonald, Dettwiler and Associates (MDA) reported a 2010 fourth-quarter loss of $55.6 million, compared with income of $31.2 million in the same period a year ago, due to a one-time charge related to the sale of its property information business, the company announced March 1. &nbsp;&nbsp;&nbsp; MDA\u2019s property information business, which provided satellite data [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-85278","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/85278"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=85278"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/85278\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=85278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=85278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=85278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}