WESTMINSTER, Colo. (Maxar Technologies PR) — Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a global technology innovator powering the new space economy, today announced that its insurance carriers have accepted the company’s $183 million claim for loss arising from the WorldView-4 satellite on-orbit failure, and have agreed to pay the company that full amount under their insurance policies.
Insurance proceeds have already been received from several insurers and full payment is expected to be delivered within 30 days. Maxar will use the proceeds to invest in its pre-existing capital priorities, including the development of its innovative WorldView Legion constellation.
The operations of DigitalGlobe, SSL and Radiant Solutions were unified under the Maxar brand in February; MDA continues to operate as an independent business unit within the Maxar organization.
About Maxar Technologies
As a global leader of advanced space technology solutions, Maxar is at the nexus of the new space economy, developing and sustaining the infrastructure and delivering the information, services, systems that unlock the promise of space for commercial and government markets. The operations of DigitalGlobe, SSL and Radiant Solutions were unified under the Maxar brand in February; MDA continues to operate as an independent business unit within the Maxar organization. As a trusted partner with 5,900 employees in over 30 global locations, Maxar provides vertically integrated capabilities and expertise including satellites, Earth imagery, robotics, geospatial data and analytics to help customers anticipate and address their most complex mission-critical challenges with confidence. Every day, billions of people rely on Maxar to communicate, share information and data, and deliver insights that Build a Better World. Maxar trades on the New York Stock Exchange and Toronto Stock Exchange as MAXR. For more information, visit www.maxar.com.
WESTMINSTER, Colo., Jan. 14, 2019 (Maxar PR) — Maxar Technologies (NYSE:MAXR) (TSX:MAXR) (“Maxar” or the “Company”), a global technology innovator powering the new space economy, today announced the appointment of Daniel Jablonsky as President and Chief Executive Officer of Maxar, effective immediately. Mr. Jablonsky, who most recently served as President of DigitalGlobe, a Maxar Technologies company, will also join the Maxar Board of Directors. He succeeds Howard Lance, who has resigned from his roles as President and Chief Executive Officer and as a Director of Maxar.
General Howell M. Estes III, Chairman of the Maxar Board, said, “Dan has been a key member of the management team since his arrival to DigitalGlobe in 2012 and has taken on increased responsibilities following the closing of the Company’s merger. Dan’s experience as President of DigitalGlobe, after previously serving as both General Counsel and General Manager of the U.S. and International Defense and Intelligence businesses, and participation in Maxar’s executive leadership, provides him with a deep understanding of Maxar’s businesses, operations and strategy.
WESTMINSTER, CO, Jan. 7, 2019 (Maxar PR) – Maxar Technologies Inc. (NYSE:MAXR) (TSX:MAXR) (“Maxar” or the “Company”), a global technology innovator powering the new space economy, today reported that its WorldView-4 satellite experienced a failure in its control moment gyros (“CMGs”), preventing the satellite from collecting imagery due to the loss of an axis of stability.
WASHINGTON (NASA PR) — NASA has launched a pilot program to evaluate how Earth science data from commercial small-satellite constellations could supplement observations from the agency’s fleet of orbiting Earth science missions. On Sept. 28, the agency awarded sole-source contracts to acquire test data sets from three private sector organizations.
LOGAN, Utah — The head of NASA’s science programs unveiled an $100 million per year initiative on Monday focused on the use of small scuebce satellites that includes data buys from three spacecraft constellation operators.
Thomas Zurbuchen, associate administrator for NASA’s Science Mission Directorate, said the funding would go to targeted space science, technology and educational projects. He made the announcement during a keynote address at the annual Small Satellite Conference in Logan, Utah.
A key element of the initiative is the purchase of Earth science data from companies with satellite constellations in Earth orbit. Zurbuchen announced that the first purchases will be made from DigitalGlobe, Planet and Spire. He did not disclose the amounts of the awards.
Zurbuchen said NASA’s goal is to work with the growing small-satellite industry, not to compete with it. The space agency will invest in early-stage research and development to advance and test new technologies.
Zurbuchen also announced a new opportunity for small-satellite technology demonstrations focused on heliophysics that will be funded at up to $65 million.
“This opportunity will ultimately help deploy #SmallSat technologies to better understand @NASASun science and protect Americans by protecting US technological infrastructure on Earth and in space from the perils of space weather,” he tweeted.
Zurbuchen said NASA plans to provide more launch and rideshare opportunities for small satellites built by government, commercial and international partners.
WESTMINSTER, Colo. (DigitalGlobe PR) — DigitalGlobe, a Maxar Technologies Ltd. company (formerly MacDonald, Dettwiler and Associates Ltd.) (NYSE and TSX: MAXR), today announced it has contracted with SpaceX to launch the next-generation WorldView Legion satellite imaging constellation.
EL SEGUNDO, Calif. (Raytheon PR) — Raytheon Company (NYSE: RTN) was recently selected by DigitalGlobe, Inc. as the next-generation WorldView Legion satellite imaging constellation payload provider. Under the contract, Raytheon will deliver the telescopes, detectors and combined electronics to Space Systems Loral, the WorldView Legion space vehicle integrator.
Raytheon’s new payload doubles DigitalGlobe’s capacity to capture multispectral and 30 cm imagery, while tripling to quadrupling the company’s capacity to image high-demand areas. Once the WorldView Legion constellation is on orbit, DigitalGlobe’s combined constellation will be able to image the most rapidly changing areas on Earth every 20 to 30 minutes, from sunup to sundown. WorldView Legion will begin launching in 2020.
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…)
WESTMINSTER, Colo. (DigitalGlobe PR) — DigitalGlobe, Inc. (“DigitalGlobe”) (NYSE: DGI), the global leader in Earth imagery and information about our changing planet, today announced its preliminary results that its shareowners overwhelmingly voted to approve the Company’s proposed merger with MacDonald, Dettwiler and Associates Ltd. (“MDA”) (TSX: MDA) at a special meeting of DigitalGlobe shareowners held today.
Approximately 93 percent of the shares represented and voting at the meeting voted in favor of the merger. More than 53 million, 81 percent, of DigitalGlobe’s outstanding shares were voted at the meeting. Final results of the vote will be reported in a Form 8-K as required by applicable SEC rules.
“We are pleased with the strong support we received from shareowners for the merger of DigitalGlobe and MDA,” said Jeffrey R. Tarr, DigitalGlobe CEO. “This marks an important milestone in bringing together our two companies. Upon completion, this combination will expand our capabilities, increase our scale and diversify our revenue, creating powerful solutions for customers, greater value for shareowners and new opportunities for team members.”
MDA separately announced today that its shareowners also overwhelmingly voted to approve the issuance of MDA common shares to the holders of DigitalGlobe stock and certain equity awards in connection with the merger at a special meeting of MDA shareholders.
As previously announced, the transaction is expected to close in or shortly after the third quarter of 2017, subject to approval from the Committee on Foreign Investment in the United States (“CFIUS”) and other customary approvals and closing conditions.
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PALO ALTO, Calif. (SSL PR) – MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX:MDA), a global communications and information company, today announced that its subsidiary Space Systems Loral (SSL) was selected to provide a next-generation satellite constellation for high-resolution Earth imaging to DigitalGlobe, the global leader in Earth imagery and information about our changing planet. Called WorldView Legion, the Low Earth Orbit (LEO) satellites will more than double DigitalGlobe’s high-resolution capacity in important regions. The contract is valued at several hundred million U.S. dollars..
GLASGOW, UK (Bird.i PR) — Bird.i, the premiere global platform for accessing the world’s best satellite, airborne and drone imagery, has today announced that it has signed a partnership agreement with leading high-resolution satellite imagery leader DigitalGlobe, Inc. (NYSE: DGI).
SAN FRANCISCO and WESTMINSTER, Colo. – February 24, 2017 – MacDonald, Dettwiler and Associates Ltd. (“MDA”) (TSX: MDA), a global communications and information company providing technology solutions to commercial and government organizations worldwide, and DigitalGlobe, Inc. (“DigitalGlobe”) (NYSE: DGI), the global leader in Earth imagery and information about our changing planet, today announced they have entered into a definitive merger agreement, pursuant to which MDA will acquire DigitalGlobe for US$35.00 per share in a combination of cash and stock.
The transaction values DigitalGlobe at an equity value of approximately C$3.1 billion (US$2.4 billion), and an enterprise value of C$4.7 billion (US$3.6 billion), including assumption of DigitalGlobe’s C$1.6 billion (US$1.2 billion) in net debt. The transaction has been unanimously approved by the boards of directors of both companies, and is expected to close in the second half of 2017.
WESTMINSTER, Colo., Feb. 7, 2017 (DigitalGlobe PR) — DigitalGlobe, Inc. (NYSE: DGI), the global leader in Earth imagery and information about our changing planet, announced the growth of its ecosystem of content producers and consumers who leverage the Company’s Geospatial Big Data analytics platform, GBDX. With this increase in ecosystem partners, GBDX solidified its leadership position.
WESTMINSTER, Colo. (DigitalGlobe PR) — DigitalGlobe, Inc. (NYSE: DGI), the global leader in earth imagery and information about our changing planet, today announced that the WorldView-4 satellite successfully completed in-orbit testing and calibration and began serving its first direct access customer on Feb. 1. Additional direct access customers will be added to WorldView-4 service throughout 2017.