Maxar Announces Close of MDA Divestiture and Provides Update on Ongoing Support of Critical Customer Missions
Maxar Technologies Inc. (MAXR)
Last maxar technologies inc. earnings: 3/2 04:08 pm
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US:NYSE Investor Relations:
mdacorporation.com/corporate/investor/overview
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Source: Business Wire
WESTMINSTER, Colo.--(BUSINESS WIRE)--Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced it has closed the sale of MDA, previously a wholly owned subsidiary of the company, to a consortium of investors led by Northern Private Capital for CAD$1 billion. Net proceeds, including customary adjustments, and after application of currency hedges related to the transaction is expected to be approximately US$729 million.“The closing of the MDA transaction concludes the near-term reshaping of our balance sheet and business portfolio,” said Dan Jablonsky, Maxar CEO. “Going forward, our growth strategy remains focused on providing leading capabilities in Earth Intelligence and Space Infrastructure, including geospatial data, data analytics and spacecraft and robotics that are well aligned with the strategic priorities of our government and commercial customers.”“The closing of this transaction — when combin
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