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MacDonald Dettwiler Said to Explore Sale of Company

MacDonald, Dettwiler & Associates Ltd., the maker of the robotic arm used on NASA space shuttles, is exploring the sale of part or all of the company after private-equity firms and competitors expressed interest, said two people with knowledge of the matter.

The Canadian company, which also provides satellite imagery, will examine offers during the next several weeks, said the people, who asked not to be identified because the talks are private. MacDonald Dettwiler isn’t running an auction and may decide not to sell itself or any divisions, the people said. It has annual revenue of about C$1 billion ($978 million) and a market value of C$1.9 billion.