LA PLATA, Maryland — Czech diversified defense and industrial conglomerate CSG purchased a 9.5% equity stake in Canadian satellite prime contractor MDA Space, becoming the latest European military contractor to diversify into space and indicating that further investments in the sector are likely.
The investment, totaling about 618.5 million Canadian dollars ($434 million), makes CSG MDA Space’s largest single shareholder.
“Defence and space are tightly interconnected,” CSG said in an Oct. 13 statement. “Developing capabilities in space is a natural extension of the . . .
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