WESTMINSTER, Colo., December 30, 2019 (Maxar PR) — 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 transaction includes all of MDA’s Canadian businesses, encompassing ground stations, radar satellite products, robotics, defense, and satellite components, representing approximately 1,900 employees. These businesses are expected to generate approximately US$370 million and US$85 million in revenue and Adjusted EBITDA, respectively in 2019. This revenue is inclusive of approximately US$78 million of intercompany sales to other Maxar entities.
Video Caption: 2019-12-12 – The Nightingale site, located near asteroid Bennu’s north pole, was selected as the OSIRIS-REx mission final sample site.
These detailed views of the location (complete with boulders, craters and other geological features) are based on a series of measurements taken by the OSIRIS-REx Laser Altimeter OLA, the Canadian laser instrument aboard NASA’s OSIRIS-REx spacecraft.
Image creation: Michael Daly, Centre for Research in Earth and Space Science, York University (Credits: NASA, University of Arizona, Canadian Space Agency, York University, MacDonald, Dettwiler and Associates Ltd. (MDA)
BRAMPTON, Ont. (MDA PR) — MDA, a Maxar company (NYSE: MAXR) (TSX: MAXR), has been awarded two contracts from the Canadian Space Agency for work on Phase A of the Gateway External Robotic Interfaces project.
BERN, Switzerland (RUAG Space PR) — Using its rich heritage of designing and building satellite dispensers, RUAG Space developed a unique satellite Dispenser that enables three large radar Earth observation satellites to simultaneously launch on a single launcher.
The Dispenser system connected the spacecraft to the launcher and ensured safe separation in orbit using a first-of-its-kind tilting mechanism. RUAG Space delivered the tilting Dispenser System to MDA, a Maxar company, to support the Canadian Space Agency’s RADARSAT Constellation Mission (RCM), which launched Wednesday, June 12 from Vandenberg Air Force Base, California, USA.
VANDENBERG AIR FORCE BASE, Calif. (SpaceX PR) — SpaceX is targeting Wednesday, June 12 for launch of RADARSAT Constellation Mission from Space Launch Complex 4E (SLC-4E) at Vandenberg Air Force Base in California.
The primary launch window opens at 7:17a.m. PDT, or 14:17UTC, and closes at 7:30 a.m. PDT, or 14:30 UTC. The satellites will begin deployment approximately 54 minutes after launch. A backup launch window opens on Thursday, June13 at 7:17a.m. PDT, or 14:17 UTC,and closes at 7:30 a.m. PDT, or 14:30 UTC.
Falcon 9’s first stage for launch of RADARSAT Constellation Mission previously supported Crew Dragon’s first demonstration mission in March 2019. Following stage separation, Falcon 9’s first stage will return to land on SpaceX’s Landing Zone 4 (LZ-4) at Vandenberg Air Force Base.
OTTAWA, Ont. and WASHINGTON, DC, May 6, 2019 (Telesat PR) – Telesat announced today that the two teams it contracted with to develop system designs for Telesat’s global low earth orbit (LEO) satellite constellation have successfully completed the System Definition and Risk Management Phase of the program. One of the teams is Airbus Defence and Space. The other is a consortium of Thales Alenia Space and Maxar Technologies, the owner of SSL and MDA.
A new coalition of industry, academic and interest groups has launched a campaign called Don’t Let Go Canada in an effort to bolster the Canadian space program.
“While other countries have been increasing their investments in space, Canada has fallen from 8th place in 1992 to 18th place (% of GDP), and hasn’t had a long-term plan to guide Canada’s investments for decades,” the group said on its website.
“The economic stakes of space participation are higher than ever. The global space market is worth over USD $380B today; analysts forecast it will grow to be a multi-trillion-dollar market in coming decades,” the website states. “Ambitious governments are staking their claims. Luxembourg plans to be the leading country in space mining; the UK aims to capture 10 percent of the global space market by 2030.”
Among the members of the coalition are MDA, Honeywell, Magellan Aerospace, ABB, AIAC, Neptec, Canadian Space Society, Canadian Astronautics and Space Institute, and The Planetary Society. A full list of members is on the organization’s website.
The group is calling for a properly funded, long-term Canadian Space Strategy to guide the nation’s efforts. One pressing concern is a decision on whether Canada will participate in the U.S.-led Lunar Gateway program, which will place a human-tended station in orbit around the moon.
Frontier Aerospace and Astrobotic team to develop MON-25/MMH thruster for Peregrine Moon landing
PITTSBURGH, Pa. (Astrobotic/ Frontier Aerospace PR) –Frontier Aerospace Corporation is pleased to announce their selection by NASA’s Space Technology and Mission Directorate (STMD) for a “Tipping Point” award to provide flight qualification of Frontier’s Deep Space Engine (DSE) that utilizes MON-25/MMH propellant. The DSE engine will enable the design of smaller and less expensive propulsion systems for spacecraft as a result of the lower temperature freezing characteristics of MON-25/MMH propellant.
BRAMPTON, ON, July 27, 2018 (MDA PR) – MDA, a Maxar Technologies company (formerly MacDonald, Dettwiler and Associates Ltd.), (NYSE: MAXR) (TSX: MAXR), today announced the appointment of Michael Rack to serve as President of the newly-created MDA Commercial division beginning September 24, 2018. The addition of Rack, along with the recently announced appointment of Chris Pogue as President of MDA Government, rounds out the MDA senior leadership organization announced in June 2018.
Rack will lead MDA Commercial and have responsibility for global growth and operations of all the commercial product lines including space robotics, space sensors (the recently acquired Neptec), antennas and electronics, payloads, and non-space products. Rack will report to Mike Greenley, the Group President of MDA. (more…)
BRAMPTON, ON, July 16, 2018 (MDA PR) — MDA, a Maxar Technologies company (formerly MacDonald, Dettwiler and Associates Ltd.), (NYSE: MAXR; TSX: MAXR), announced today it has acquired Neptec Design Group Ltd. (Neptec), the leading electro-optical and electro-mechanical systems and high-performance intelligent Light Detection and Ranging (LIDAR) company for CA$42 million, comprised of approximately CA$8 million in cash and the balance in Maxar common shares.
With Neptec, MDA will deliver end-to-end robotic systems and an expanded set of solutions, positioning the company to capture growth in U.S., Canadian and global space exploration markets and accelerate advancement into new and expanding space segments. The transaction is accretive to Maxar’s operating earnings per share beginning in 2019, solidifies MDA’s leadership in space robotics innovation, and reinforces Maxar’s industry-leading space capabilities.
MISSISSAUGA, Ontario (MSCI PR) – Microsat Systems Canada Inc (“MSCI”) announced today that they have selected MDA, a Maxar Technologies company, to provide the payload for a MSCI’s microsatellite based Synthetic Aperture Radar.
The MSAR satellite will have a wet mass of less than 180 kg, fit within a standard ESPA ring launch volume, and will provide a ground resolution of less than 1 meter.
Richmond, BC (MDA PR) – MDA, a Maxar Technologies company (formerly MacDonald, Dettwiler and Associates Ltd.) (NYSE: MAXR; TSX: MAXR), today announced that it has been awarded a contract by Public Service Procurement Canada on behalf of the Defence Research and Development Canada, under the Space Operations program within the Joint Force Development portfolio, to develop a Threat Detection and Early Warning System to provide protection for Canadian space-based assets. The contract is for the study, concepts and research and development phases which could lead to MDA pursuing subsequent phases of technology demonstration and technology pilot.
The numbers are in on XCOR Aerospace’s bankruptcy, and as one would expect, they’re not real pretty.
The company has $1.1 million in assets and $1,424.66 in cash, according to documents filed with the Bankruptcy Court for the Eastern District of California. XCOR owes $27.46 million to creditors, with $23.6 million in unsecured debts and $3.86 million in liabilities secured by assets.
SAN FRANCISCO and VANCOUVER, BC – MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX: MDA), a leading global provider of advanced space technology solutions for commercial and government markets, today announced senior executive appointments following the completion of MDA’s acquisition of DigitalGlobe, Inc. (“DigitalGlobe”). The appointments strengthen and position the Company to serve the U.S. government, international governments and the Company’s commercial customers as a mission-critical partner with an expanded portfolio of space technology solutions.
“This is a very strong group of talented senior executives,” said Howard L. Lance, president and chief executive officer of MDA. “With the new appointments we are announcing today, in addition to our existing team, I am more confident than ever in our ability to anticipate and serve the changing needs of our customers and grow our business in the U. S., Canada and around the world.” (more…)
SAN FRANCISCO and VANCOUVER, BC (MDA PR) – MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX: MDA), a global communications and information company providing technology solutions to commercial and government organizations worldwide, today announced it has completed its acquisition of DigitalGlobe, Inc. (“DigitalGlobe”), the global leader in high resolution Earth imagery and information about our changing planet. The merger creates the leading integrated commercial provider of satellites, imagery and geospatial solutions to commercial and government customers worldwide. The newly combined company will offer a broader set of space-based solutions, increased scale and a more diversified revenue base.
“Today is a very exciting day for our customers, partners, employees and shareholders,” said Howard L. Lance, president and chief executive officer of MDA. “Together, in partnership with the outstanding team at DigitalGlobe, our combined company will offer an unmatched suite of solutions, benefit from increased scale and a more diversified revenue base, and drive increased value by leveraging the sales channels of both companies. The combination of our strong, diversified core businesses will create expanded opportunities for team members and customers alike. I am very excited to get to work with the new leadership team to drive top and bottom line growth and future success.” (more…)