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Maxar Technologies Inc (MAXR)

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  1. één en ander 30 december 2019 16:56
    (Reuters) - U.S. satellite imagery company Maxar Technologies Inc said on Monday it would sell its Canadian space robotics business to a consortium led by Northern Private Capital (NPC) for C$1 billion ($765 million), in a bid to ease its debt.
    The company's shares were up 16.2% in premarket trading.
    Maxar will retain its U.S.-based space robotics division, which is responsible for developing the robotic hardwares used in NASA's Mars 2020 rover.
    "This transaction combined with the recently completed sale of real estate in Palo Alto reduces Maxar's overall debt by more than $1 billion," said Chief Financial Officer Biggs Porter. As of September, Maxar had a total debt of $3.1 billion.
    The acquisition of MacDonald, Dettwiler and Associates (MDA) will be financed through a combination of equity and debt.
    MDA, which has helped construct part of the International Space Station, will operate as a stand-alone company within NPC's portfolio following the transaction.
    Reuters first reported in June that Maxar was exploring sale of its space robotics business.

    MDA, which started in the basement of a Vancouver home, makes defense and maritime systems, radar geospatial imagery, space robotics, satellite antennas, and communication subsystems.

    Flinke sprong voorwaarts vandaag.
  2. één en ander 3 maart 2020 16:12
    ** Shares of space technology company MAXR.N rise 3.7% to
    $16.56 — set to snap their three-day losing streak
    ** MAXR to build a geostationary communications satellite to
    be launched in 2022 for Intelsat SA I.N ; to integrate NASA's
    pollution monitoring payload, Tempo, with the satellite

    ** Satellite to help in early public warning of pollution
    incidents and air-quality forecasts in North America
    ** Combined Intelsat and NASA's Tempo programs expected to
    drive MAXR's earnings and cash flow on an annual basis
    throughout the production process
    ** Separately, NASA awarded a $142 mln contract to MAXR on
    Friday to perform an in-space assembly demonstration using a
    lightweight robotic arm, Spider
    ** MAXR shares have risen ~5.5% so far this year

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