|Bid||21.07 x 1400|
|Ask||21.09 x 1000|
|Day's range||20.36 - 21.43|
|52-week range||3.83 - 21.43|
|Beta (5Y monthly)||0.85|
|PE ratio (TTM)||N/A|
|Earnings date||03 Nov 2019|
|Forward dividend & yield||0.04 (0.20%)|
|Ex-dividend date||11 Dec 2019|
|1y target est||60.52|
Maxar Technologies (MAXR) inks deal with Defence Geographic Agency of The Netherlands to deliver reliable geospatial information through SecureWatch, thereby enabling prompt decisions in response to any contingencies.
Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced the Defence Geographic Agency (DGeo) of The Netherlands Ministry of Defence signed a multi-million dollar, multi-year subscription to SecureWatch, the company’s cloud-based geospatial intelligence (GEOINT) platform.
Today we're announcing that Lucy Condakchian, general manager of robotics at Maxar Technologies, will be joining us onstage to talk about the company's work in space, and in particular NASA's Mars 2020 rover. For decades, Maxar Technologies has been an important supplier for both commercial and scientific missions to space, and its work has been successful enough that this year will mark the fifth Mars mission for which it has provided a robotic arm. Maxar also builds and manages satellites, sensors and other space-based assets.
While Verizon (VZ) beats its 5G coverage target for 2019, Vodafone inks a deal with Nokia (NOK) to deploy 5G services in Australia.
Maxar Technologies (MAXR) inks deal to divest space robotics unit to a Canadian investment firm to fortify the dynamic space infrastructure by scaling up its operational efficiency and reducing debt.
(Bloomberg) -- Maxar Technologies Inc. rallied after it agreed to sell its Canadian space and defense unit MDA to a consortium led by Northern Private Capital for C$1 billion ($770 million) to help pay down debt and prioritize investments in core businesses.The sale includes all of MDA’s Canadian businesses, including ground stations, radio satellite products, robotics, defense and satellite components, and represents 1,900 employees, the Westminster, Colorado-based company said Monday in a statement.Shares of Maxar jumped as much as 23% Monday, to the highest since November 2018. The deal value is “reasonable” and will allow the company to focus on its core imagery business, said Stephanie Price, an analyst at CIBC, in a research report.MDA will operate as a standalone company within the portfolio of Toronto-based Northern Private Capital, retaining its name, and will continue to supply Maxar with certain components and subsystems. MDA was the builder of Canadarm2, the robotic arm that has served the International Space Station since 2001, according to the Canadian Space Agency.“The sale of MDA furthers execution on the company’s near-term priority of reducing debt and leverage,” Maxar Chief Executive Officer Dan Jablonsky said in the statement. “It also provides increased flexibility, range, and focus to take advantage of substantial growth opportunities across Earth Intelligence and Space Infrastructure categories.”The MDA businesses are expected to generate approximately $370 million in revenue and $85 million in adjusted earnings before interest, tax, depreciation and amortization in 2019. The revenue includes $78 million of inter-company sales to other Maxar entities. The sale is conditional on regulatory approvals and reviews in Canada and the U.S.Northern Private is an investment firm led by John Risley and Andrew Lapham. The acquisition is being financed with equity and debt, with equity provided by NPC and certain limited partners as well as investors including former BlackBerry Ltd. co-CEO Jim Balsillie and Senvest Capital.“Over its 50-year history, MDA has grown from a B.C.-based start-up into a world-class space technology company and an anchor of Canada’s space program,” Risley said in a separate statement. “As a Canadian, I am so proud this iconic Canadian company will once again be owned and controlled in Canada.”(Updates with comments from CIBC in the third paragraph.)\--With assistance from Aoyon Ashraf.To contact the reporter on this story: Doug Alexander in Toronto at email@example.comTo contact the editors responsible for this story: Michael J. Moore at firstname.lastname@example.org, ;David Scanlan at email@example.com, Divya BaljiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Satellite industry giant Maxar is selling MDA, its subsidiary focused on space robotics, for $1 billion CAD (around $765.23 million USD), Reuter reports. The purchasing entity is a consortium of companies led by private investment firm Northern Private Capital, which will acquire the entirety of MDA's Canadian operations, which is responsible for the development of the Canadarm and Canadarm2 robotic manipulators used on the Space Shuttle and the International Space Station, respectively. Maxar's goal in selling the business is to help alleviate some of its considerable debt, which stood at $3.1 billion as of this past September.
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...
Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced it has entered into a definitive agreement to sell MDA to a consortium of financial sponsors led by Northern Private Capital (NPC), for CAD$1 billion (US$765 million), subject to customary adjustments. The company expects to use proceeds to reduce leverage and improve its capital structure to prioritize investments for growth in its core areas of Earth Intelligence and Space Infrastructure.
The last 10 years have seen a boom in the use of satellite imagery for reporting, led by a growth in commercial satellites that has slashed the cost of such images, and advances in technology that have made high-resolution images from many parts of the world accessible, almost instantly, even on a phone. U.S. satellite imagery company Maxar Technologies Inc has released satellite images from some of the biggest news events of the past decade – from natural disasters to war to the construction of Apple's "Spaceship" headquarters in Cupertino, California.
Maxar Technologies Inc. (NYSE:MAXR) (TSX:MAXR) (the "Company"), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced that proceeds from the offering and sale of the 9.750% Senior Secured Notes due 2023 (the "Notes") issued by SSL Robotics LLC, the Company’s wholly-owned subsidiary, were released from escrow, the Company assumed SSL Robotics LLC’s obligations as issuer of the Notes and the Notes became senior, first-priority secured obligations of the Company, certain subsidiaries (the "Guarantors") of the Company that are guarantors under its existing syndicated credit facility (the "Syndicated Credit Facility") provided guarantees of the Notes on a senior, first-priority secured basis, the Company and the Guarantors entered into certain security and collateral arrangements and an acknowledgement to a first lien intercreditor agreement, and the Guarantors entered into a joinder agreement to the purchase agreement in respect of the Notes.
Maxar (MAXR) intends to utilize the proceeds from the transaction along with the senior secured notes offering to repay all of the borrowings that were on the books at September end.
Maxar Technologies Inc. (NYSE:MAXR) (TSX:MAXR) (the "Company"), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced the closing of the Company’s previously-announced Palo Alto real estate sale and leaseback agreements for a gross sale price of $291 million.
Maxar Technologies , a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced that members of senior management will pr
Maxar Technologies (MAXR) (MAXR.TO), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, commends the Senate Commerce Committee passage of the NASA Authorization Act of 2019 introduced by Sens. The passage of this bipartisan legislation would fortify U.S. leadership in space and unlock new jobs and opportunities in science and innovation by supporting innovative programs like the NASA-led Gateway and servicing missions.
Shareholder rights law firm Robbins LLP reminds investors that a purchaser of Maxar Technologies Inc. has filed a derivative complaint against the company's officers and directors for breaches of fiduciary duties, gross mismanagement, and alleged violations of the Securities Exchange Act of 1934.
Maxar Technologies Inc. (MAXR) (MAXR.TO), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced the pricing of $1.0 billion in aggregate principal amount of 9.75% Senior Secured Notes due 2023 issued by SSL Robotics LLC, its wholly-owned subsidiary. The notes were offered and sold to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The proceeds from the notes will be held in escrow until the closing of the Company’s previously announced Palo Alto real estate sale.
Ribbon Communication (RBBN) reinforces the long-term business relationship with Colt Japan by augmenting the latter's service capabilities across the country.
The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Maxar Technologies Inc. (“Maxar” or “the Company”) (NYSE: MAXR) for violations of the federal securities laws. Investors who purchased the Company's securities pursuant or traceable to the F-4 registration statement and prospectus ("Registration Statement") issued in connection with MacDonald, Dettwiler and Associates Ltd.'s October 2017 acquisition of and merger with DigitalGlobe, which then rebranded itself as Maxar, are encouraged to contact the firm before January 6, 2020. We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge.
Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Maxar Technologies Inc. pursuant or traceable to the F-4 registration statement and prospectus issued in connection with MacDonald, Dettwiler and Associates Ltd.'s October 2017 acquisition of and merger with DigitalGlobe, which then rebranded itself as Maxar....