Transactions
Aug. 7, 2001
Fried Frank: FRENCH THALES GROUP BUYS PARTS OF ORBITAL SCIENCES
Thales Group, a French aerospace/defense/information-technology company, has acquired Santa Clara global-positioning-system manufacturer Magellan Corp. and a 60 percent interest in Navigation Solutions LLC. The cash deal is worth $70 million.




Before the acquisition, Magellan and Navigation Solutions were majority owned by Dulles, Va.-based Orbital Sciences Corp.
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