|Bid||26.67 x 0|
|Ask||26.75 x 0|
|Day's Range||26.43 - 27.74|
|52 Week Range||5.10 - 27.98|
|Beta (5Y Monthly)||0.85|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.05 (0.19%)|
|Ex-Dividend Date||Dec 10, 2019|
|1y Target Est||18.13|
Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced the Defence Geographic Agency (DGeo) of The Netherlands Ministry of Defence signed a multi-million dollar, multi-year subscription to SecureWatch, the company’s cloud-based geospatial intelligence (GEOINT) platform.
Maxar Technologies is a space technology company based in Colorado, specializing in manufacturing communication, Earth observation, radar, and on-orbit servicing satellites, satellite products, and related services. In this daily bar chart of MAXR, below, we can see that prices have been trading higher from late March. Prices are up five-fold from the nadir and trading volume has been significantly higher since May. Prices are above the rising 50-day moving average line and the rising 200-day moving average line.
Today we're announcing that Lucy Condakchian, general manager of robotics at Maxar Technologies, will be joining us onstage to talk about the company's work in space, and in particular NASA's Mars 2020 rover. For decades, Maxar Technologies has been an important supplier for both commercial and scientific missions to space, and its work has been successful enough that this year will mark the fifth Mars mission for which it has provided a robotic arm. Maxar also builds and manages satellites, sensors and other space-based assets.
Defense stocks tend to rally when geopolitical tensions rise. Whether investors should chase the rally isn’t a straightforward decision.
Northern Private Capital, the investment firm from John Risley and Andrew Lapham, is leading a group to buy MDA, the Canadian unit of Maxar Technologies, for C$1 billion, or about $765 million.
Maxar Technologies Inc. is spinning off its business in Canada to a private equity consortium there for $765 million, selling the business from which Maxar was built into a U.S.-headquartered aerospace business. Westminster-based Maxar (NYSE: MAXR) struck a deal with an investment group led by Toronto-based Northern Private Capital to buy the MDA business unit’s operation across Canada and the United Kingdom. “The sale of MDA furthers execution on the company’s near-term priority of reducing debt and leverage,” said Dan Jablonsky, CEO of Maxar, in a written statement.
(Bloomberg) -- Maxar Technologies Inc. rallied after it agreed to sell its Canadian space and defense unit MDA to a consortium led by Northern Private Capital for C$1 billion ($770 million) to help pay down debt and prioritize investments in core businesses.The sale includes all of MDA’s Canadian businesses, including ground stations, radio satellite products, robotics, defense and satellite components, and represents 1,900 employees, the Westminster, Colorado-based company said Monday in a statement.Shares of Maxar jumped as much as 23% Monday, to the highest since November 2018. The deal value is “reasonable” and will allow the company to focus on its core imagery business, said Stephanie Price, an analyst at CIBC, in a research report.MDA will operate as a standalone company within the portfolio of Toronto-based Northern Private Capital, retaining its name, and will continue to supply Maxar with certain components and subsystems. MDA was the builder of Canadarm2, the robotic arm that has served the International Space Station since 2001, according to the Canadian Space Agency.“The sale of MDA furthers execution on the company’s near-term priority of reducing debt and leverage,” Maxar Chief Executive Officer Dan Jablonsky said in the statement. “It also provides increased flexibility, range, and focus to take advantage of substantial growth opportunities across Earth Intelligence and Space Infrastructure categories.”The MDA businesses are expected to generate approximately $370 million in revenue and $85 million in adjusted earnings before interest, tax, depreciation and amortization in 2019. The revenue includes $78 million of inter-company sales to other Maxar entities. The sale is conditional on regulatory approvals and reviews in Canada and the U.S.Northern Private is an investment firm led by John Risley and Andrew Lapham. The acquisition is being financed with equity and debt, with equity provided by NPC and certain limited partners as well as investors including former BlackBerry Ltd. co-CEO Jim Balsillie and Senvest Capital.“Over its 50-year history, MDA has grown from a B.C.-based start-up into a world-class space technology company and an anchor of Canada’s space program,” Risley said in a separate statement. “As a Canadian, I am so proud this iconic Canadian company will once again be owned and controlled in Canada.”(Updates with comments from CIBC in the third paragraph.)\--With assistance from Aoyon Ashraf.To contact the reporter on this story: Doug Alexander in Toronto at email@example.comTo contact the editors responsible for this story: Michael J. Moore at firstname.lastname@example.org, ;David Scanlan at email@example.com, Divya BaljiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Tata Motors and SolarEdge moved toward buy points, and Pfizer led the Dow Jones today as the market headed for a holiday-shortened final week of 2019.
Satellite industry giant Maxar is selling MDA, its subsidiary focused on space robotics, for $1 billion CAD (around $765.23 million USD), Reuter reports. The purchasing entity is a consortium of companies led by private investment firm Northern Private Capital, which will acquire the entirety of MDA's Canadian operations, which is responsible for the development of the Canadarm and Canadarm2 robotic manipulators used on the Space Shuttle and the International Space Station, respectively. Maxar's goal in selling the business is to help alleviate some of its considerable debt, which stood at $3.1 billion as of this past September.
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...
A consortium led by Northern Private Capital (NPC), a Toronto-based investment firm led by John Risley and Andrew Lapham, announced today it has signed a definitive agreement to acquire MDA from Maxar Technologies (MAXR)(MAXR) for CAD $1 billion. Upon closing, MDA’s corporate headquarters will return to Canada.
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.
Maxar Technologies' sale of its space robotics unit, combined with a deal to offload real estate in Palo Alto, Calif., will reduce the company's debt by $1 billion.
The last 10 years have seen a boom in the use of satellite imagery for reporting, led by a growth in commercial satellites that has slashed the cost of such images, and advances in technology that have made high-resolution images from many parts of the world accessible, almost instantly, even on a phone. U.S. satellite imagery company Maxar Technologies Inc has released satellite images from some of the biggest news events of the past decade – from natural disasters to war to the construction of Apple's "Spaceship" headquarters in Cupertino, California.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
Maxar Technologies Inc. (NYSE:MAXR) (TSX:MAXR) (the "Company"), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced that proceeds from the offering and sale of the 9.750% Senior Secured Notes due 2023 (the "Notes") issued by SSL Robotics LLC, the Company’s wholly-owned subsidiary, were released from escrow, the Company assumed SSL Robotics LLC’s obligations as issuer of the Notes and the Notes became senior, first-priority secured obligations of the Company, certain subsidiaries (the "Guarantors") of the Company that are guarantors under its existing syndicated credit facility (the "Syndicated Credit Facility") provided guarantees of the Notes on a senior, first-priority secured basis, the Company and the Guarantors entered into certain security and collateral arrangements and an acknowledgement to a first lien intercreditor agreement, and the Guarantors entered into a joinder agreement to the purchase agreement in respect of the Notes.
Maxar Technologies Inc. (NYSE:MAXR) (TSX:MAXR) (the "Company"), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced the closing of the Company’s previously-announced Palo Alto real estate sale and leaseback agreements for a gross sale price of $291 million.
Aerospace company Maxar Technologies Inc. banked $1 billion in new debt funding this week and is selling its Palo Alto, California, campus to put the business on new financial footing. The Westminster-based aerospace company (NYSE: MAXR) expects to net $291 million from the Palo Alto property sale, but will continue using the site under a lease-back deal expected to close by month’s end. “Importantly, the sale-lease back arrangement will provide us with a stable way to manage current and future programs even as we continue to reengineer the business,” said Dan Jablonsky, CEO and president of Maxar on a recent conference call in which he announced the bond sale.
Maxar Technologies , a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced that members of senior management will pr
Maxar Technologies (MAXR) (MAXR.TO), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, commends the Senate Commerce Committee passage of the NASA Authorization Act of 2019 introduced by Sens. The passage of this bipartisan legislation would fortify U.S. leadership in space and unlock new jobs and opportunities in science and innovation by supporting innovative programs like the NASA-led Gateway and servicing missions.
Maxar Technologies Inc. (MAXR) (MAXR.TO), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced the pricing of $1.0 billion in aggregate principal amount of 9.75% Senior Secured Notes due 2023 issued by SSL Robotics LLC, its wholly-owned subsidiary. The notes were offered and sold to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States pursuant to Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The proceeds from the notes will be held in escrow until the closing of the Company’s previously announced Palo Alto real estate sale.
Maxar Technologies , a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced financial results for the quarter ended September 30, 2019.
Maxar Technologies (MAXR) (MAXR.TO), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced the commencement of a private offering of $1.250 billion aggregate principal amount of senior secured notes due 2023. The notes will be senior, first-priority secured obligations of the Company initially guaranteed on a senior, first-priority secured basis by the Company’s subsidiaries that are guarantors under its existing syndicated credit facility. Proceeds from the notes are expected to be used to repay all of the borrowings that were outstanding as of September 30, 2019 under the Company’s revolving credit facility, and term loans A-1 and A-2, each under the Company’s existing syndicated credit facility, and to pay certain fees and expenses related to the offering of the notes, the use of proceeds therefrom, and an amendment of the syndicated credit facility.
Maxar Technologies plans to release its third quarter 2019 financial results after the market closes on Monday, November 4, 2019.