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Maxar Technologies

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Maxar Technologies
Company typePublic
TSX: MAXR
NYSE: MAXR
Russell 2000 Component
IndustryInformation technology services, Engineering services, Communications satellite
Founded1969
Founder
HeadquartersWestminster, Colorado, United States[1]
Key people
  • Daniel Jablonsky (President and CEO)[2]
  • Walter Scott (CTO)
  • Biggs Porter (CFO)
  • Liz Andora (CHRO)
RevenueIncrease $2.141 billion (2018)[3]
Decrease$1.264 billion (2018)[3]
Number of employees
5,900 (2019)
SubsidiariesSSL, DigitalGlobe, Radiant Solutions
Websitemaxar.com

Maxar Technologies is a space technology company headquartered in Westminster, Colorado, United States, specializing in manufacturing communication, Earth observation, radar, and on-orbit servicing satellites, satellite products, and related services. DigitalGlobe and MDA Holdings Company merged to become Maxar Technologies on 5 October 2017.[4] Maxar Technologies is the parent holding company of Space Systems Loral, headquartered in Palo Alto, California, US; DigitalGlobe, headquartered in Westminster, Colorado, US; and Radiant Solutions, headquartered in Herndon, Virginia, US. Maxar Technologies is dual-listed on the Toronto Stock Exchange and New York Stock Exchange as MAXR.

In May 2019, the company was selected as the provider of the power and propulsion element for the Lunar Gateway developed by NASA.[5]

On December 30, 2019, the company announced that it had entered into a definitive agreement to sell MDA to a consortium of financial sponsors led by Northern Private Capital for CAD$1 billion (US$765 million). The sale includes all of MDA’s Canadian businesses, encompassing ground stations, radar satellite products, robotics, defense, and satellite components, representing approximately 1,900 employees.[6]. On April 8, 2020, the sale of MDA to NPC officially closed.[7]

Business

Maxar's most visible products include the high-resolution satellite imagery used in Google Maps and Google Earth (provided by DigitalGlobe).

History

  • 2020 – MDA is sold to a consortium of Canadian investors led by Northern Private Capital.[7]
  • 2019 – Completed U.S. domestication,[clarification needed] whereby the parent company is now incorporated in the U.S. state of Delaware [8]
  • 2018 – Announced acquisition of Neptec for $32 million.[9]
  • 2017 – Completed its acquisition of DigitalGlobe, MDA now will be named Maxar Technologies, dual-listed on NYSE and TSX.[4] MDA will then be a subsidiary of US-based Maxar by 2019.[10]
  • 2014 – acquired the Advanced Systems business line (formerly ERIM International) of General Dynamics Advanced Information Systems division.[11]
  • 2012 – acquired Space Systems/Loral for US $875 million, making MDA one of the world's leading communication satellite companies.[12]
  • 2011 – announced funding partner and inaugural launch customer (Intelsat) for the MDA Space Infrastructure Servicing vehicle, a refueling depot and service spacecraft for communication satellites in geosynchronous orbit—slated to be the first in-space propellant depot in spaceflight history. Launch planned for 2015.[13][needs update]
  • 2008 – Canadian government officially blocked the sale of MDA to ATK on May 8, 2008[14]
  • 2008 – MDA announced the sale of its Information Systems and Geospacial Services operations to Alliant Techsystems of Edina, Minnesota for $1.325 billion.[15] However, amongst much media coverage, the sale was rejected by the federal government of Canada under the Investment Canada Act.[16]
  • 2007 – acquired Alliance Spacesystems, Inc.[17] (now "SSL Robotics LLC", located in Pasadena, CA, USA)
  • 2006 – acquired Lyttle & Co. (Belfast, Northern Ireland), property and related search information[18]
  • 2006 – acquired xit2 Ltd. (Nr Charlbury, Oxfordshire, UK), information exchange solutions[buzzword] for lenders and home surveyors and other outsourced service providers[19]
  • 2006 – expanded into financial services with acquisition of Mindbox, a supplier of advanced decision systems for mortgage lending, for $12.6 million USD, with up to $10.75 million contingent on performance[20]
  • 2005 – acquired business of EMS Technologies Canada (previously RCA Canada, which then became the Montreal division of SPAR Aerospace), a major supplier and subcontractor, for $8.9 million[20]
  • 2004 – acquired Marshall & Swift / Boeckh for $337.8 million, with $104.9 million contingent on performance.[20]
  • 2003 – acquired Millar & Bryce, a commercial provider of land information in Scotland, for $21.32 million, with $1.76 million contingent on performance.[21]
  • 2002 – acquired Dynacs for $3.1 million, with an additional $6.8 million contingent on performance[20] (now "MDA US Systems, LLC", located in Houston, TX, USA)
  • 2002 – acquired Automated Mining Systems of Aurora, Ontario for $225,000[22]
  • 2000/01 – Orbital Sciences divested its MDA shares through an initial public offering; trades as TSX: MDA[citation needed]
  • 2000 – entered joint venture with LandAmerica Financial Group to create LandMDA, a provider of property reports to lenders[23]
  • 1996 – acquired Iotek, a supplier of signal processing and sonar technology for military customers, for undisclosed sum[24]
  • 1995 – MDA was acquired by Orbital Sciences for $67 million in stock[25]
  • 1993 - MDA sells its Electro-Optical Division (EOP) based in Richmond Canada to a Swiss Private Equity firm which merges with Cymbolic Sciences based in California.
  • 1969 – John MacDonald and Vern Dettwiler founded MacDonald, Dettwiler and Associates.

See also

References

  1. ^ "Contact - Maxar Technologies". Maxar Technologies. Retrieved June 6, 2018.
  2. ^ "DigitalGlobe head Daniel Jablonsky new CEO of Maxar as Howard Lance resigns". Geospatial World. Geospatial Media & Communications. Retrieved 15 January 2019.
  3. ^ a b "Maxar Technologies Reports 2018 Year End Results". Retrieved 2019-03-03.
  4. ^ a b "MDA-DG combined entity to be rebranded as Maxar Technologies". Geospatial World. Retrieved 2017-10-06.
  5. ^ Grush, Loren (2019-05-23). "NASA picks satellite maker Maxar to build the first crucial piece of its new lunar space station". The Verge. Retrieved 2019-05-23.
  6. ^ Maxar to Sell MDA for $765 Million - Parabolicarc.com|http://parabolicarc.com/2019/12/30/maxar-to-sell-mda-for-765-million/#more-71809
  7. ^ a b "Iconic Space Technology Firm Returns to Canadian Control as Sale of MDA to Northern Private Capital Closes".
  8. ^ "Maxar Technologies Completes U.S. Domestication." Archived January 13, 2019, at the Wayback Machine Maxar Technologies.
  9. ^ Henry, Caleb (16 July 2018). "Maxar acquires robotics firm Neptec for $32 million". SpaceNews. Retrieved 16 July 2018.
  10. ^ Pugliese, David (9 November 2017). "Canadarm creator to transform into U.S. company, raising concerns of tech heading south of the border". National Post. Retrieved 9 November 2017.
  11. ^ "October 3, 2014 - MDA completes strategic capability acquisition in the United States". www.prnewswire.com. Retrieved 2018-06-25.
  12. ^ MacDonald, Dettwiler and Associates CEO Announces Transformational US Acquisition Conference (Transcript). Retrieved on 06-27-12.
  13. ^ "Intelsat Picks MacDonald, Dettwiler and Associates Ltd. for Satellite Servicing". press release. CNW Group. Archived from the original on 2011-05-12. Retrieved 2011-03-15. MDA plans to launch its Space Infrastructure Servicing ("SIS") vehicle into near geosynchronous orbit, where it will service commercial and government satellites in need of additional fuel, re-positioning or other maintenance. ... MDA and Intelsat will work together to finalize specifications and other requirements over the next six months before both parties authorize the build phase of the program. The first refueling mission is to be available 3.5 years following the commencement of the build phase.
  14. ^ "Minister of Industry Confirms Initial Decision on Proposed Sale of Macdonald, Dettwiler and Associates Ltd. to Alliant Techsystems Inc". Industry Canada. 2008-05-08. Retrieved 2009-01-04.
  15. ^ "MDA Selling Canadarm Business to U.S. Firm". CBC News. 2008-01-08. Retrieved 2008-02-21.
  16. ^ "Ottawa reaffirms decision to block MDA deal". The Globe and Mail. 2008-05-09. Retrieved 2020-01-25.
  17. ^ "MDA Acquires U.S.-Based Alliance Spacesystems". Retrieved 2013-05-14.
  18. ^ "MDA Acquires Legal Search Firm In Northern Ireland". Retrieved 2006-07-15.
  19. ^ "MDA Acquires Leading Provider Of Electronic Exchange Solutions To Lenders And Surveyors In UK". Retrieved 2006-07-15.
  20. ^ a b c d "Annual Report 2005" (PDF). Archived from the original (PDF) on 2006-05-06. Retrieved 2006-07-15.
  21. ^ "MDA Acquires Leading Land Information Company in Scotland". Archived from the original on 2006-05-06. Retrieved 2006-07-15.
  22. ^ "MDA Acquires Small Robotic Mining Company". Archived from the original on 2006-05-15. Retrieved 2006-07-15.
  23. ^ "In Real Estate, Geographic Information and the Internet Changes Everything". Retrieved 2006-07-15.
  24. ^ "MDA to Acquire Iotek Inc. of Halifax". Archived from the original on 2006-05-06. Retrieved 2006-07-15.
  25. ^ "Orbital Sciences Deal". New York Times. 1995-09-06. Retrieved 2006-07-15.
  • Official website
  • Business data for Maxar Technologies:
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