Calian widens its client offerings

Article Excerpt

CALIAN GROUP, $58.00, is a buy. The Ottawa-based company (Toronto symbol CGY; TSINetwork Rating: Extra Risk) (www.calian.com; Shares o/s: 9.8 million; Market cap: $588.8 million; Dividend yield: 1.9%) is now buying InterTronic Solutions Inc. for $22 million. InterTronic is Canada’s leading producer of high-performance antenna systems. Combining InterTronic’s antenna systems with Calian’s composite-fibre antenna offerings will let Calian provide its customers with a wider range of antenna solutions to meet their requirements for low earth orbit, medium earth orbit, geo-stationary orbit, deep space and radar systems. When combined with its own ground systems engineering capabilities, Calian can now offer a broader range of innovative end-to-end ground system solutions. The acquisition also strengthens its relationship with the European Space Agency. Calian Group is a buy. buy…