Exclusive: Satellite image provider Maxar eyes sale of space robotics unit - sources [Reuters]
Maxar Technologies Inc. (MAXR)
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Source: Reuters
Exclusive: Satellite image provider Maxar eyes sale of space robotics unit - sources (Reuters) - U.S. satellite imagery company Maxar Technologies Inc is exploring a sale of its space robotics business, which could fetch more than $1 billion and allow it to pay down some of its debt, according to people familiar with the matter. The sale of the business, dubbed MacDonald, Dettwiler and Associates (MDA), would help address concerns about Maxar’s $3.2 billion debt pile. Its View-4 satellite failed in January, causing shares to slide. MDA, which has helped construct part of the International Space Station, has about C$170 million ($127 million) in 12-month earnings before interest, taxes, depreciation and amortization, the people said, asking for anonymity because the matter is confidential. “As a matter of company policy, Maxar does not comment on market rumors or speculation. As we have previously stated, the company is focused on strengthening our operational and financial performance
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