The satellite imagery company, Maxar selling a Canadian unit for C$1 billion

FILE PHOTO: The Canadarm2 robotic arm, designed and built by Canadian company MDA, has been seen all over the uncrewed SpaceX, Crew Dragon spacecraft, because it was the first Commercial Crew vehicle to the International Space Station, March 4, 2019. The NASA/handout via REUTERS/File Photo

(Reuters) – U.S. satellite imagery company, Maxar Technologies, Inc. (“MAXR.N) said on Monday it would be the sale of the Canadian space robotics company, to a consortium led by the Northern part of the Private Capital (NPC) for C$1 billion ($765 million) in an attempt to ease her guilt.

The company’s shares were up 16.2 percent in premarket trading.

Maxar reserves in the US, on the basis of the space robotics division, which is responsible for the development of the robot hardware used in NASA’s Mars 2020 rover.

“This transaction, combined with the recently completed sale of real property in Palo Alto, reduces the Maxar and the total amount of more than $1 billion,” said the company’s Chief Financial Officer, Biggs Porter. As of September, Maxar had a total debt of $3.1 billion.

With the acquisition of MacDonald’s, Apparently, and Associates (MDA) is funded through a combination of equity and debt.

MDA, which has helped to construct, which is part of the International Space Station, and will operate as a stand-alone company within the NPC, the portfolio as a result of the transaction.

Reuters first reported in June that the Maxar was exploring the sale of its space robotics and business.

MDA, which started in the basement of a Vancouver home, it makes the defense and marine systems), radar, spatial, images, space, robots, and satellite antennae and communications sub-systems.

Reporting Amal in Bengaluru; Editing by Shinjini Ganguli, and Amy, Caren, Daniel

Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.

Most popular