The numbers are in on XCOR Aerospace’s bankruptcy, and as one would expect, they’re not real pretty.
The company has $1.1 million in assets and $1,424.66 in cash, according to documents filed with the Bankruptcy Court for the Eastern District of California. XCOR owes $27.46 million to creditors, with $23.6 million in unsecured debts and $3.86 million in liabilities secured by assets.
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…)
PALO ALTO, CA, Sept. 11, 2017 (SSL PR) – SSL, a leading provider of innovative satellites and spacecraft systems, today announced that NASA has awarded the next phase of funding for its ground-breaking Dragonfly on-orbit satellite assembly program. The contract modification to move forward with the detailed design of a semi-autonomous robotic system for in-space satellite assembly confirms NASA’s confidence in SSL and the success of this “Tipping Point” public private partnership, which is enabling the development of new technology that benefits both government and commercial space endeavors.
PALO ALTO, Calif., August 8, 2017 (Space Systems Loral PR) —Space Systems Loral (SSL), a leading provider of innovative satellites and spacecraft systems, today announced that it successfully completed the Preliminary Design Review (PDR) for NASA’s Restore-L mission to provide satellite servicing in Low Earth Orbit (LEO). With the completion of the PDR, Restore-L is proceeding on schedule to the next phase of development and its launch in 2020.
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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VANCOUVER, BC (MDA PR) — MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX:MDA), a global communications and information company, today announced that it has received an Authorization to Proceed on a multi-million dollar contract from Sierra Nevada Corporation (SNC).
MDA will provide a communications subsystem for on-board communication signal processing capabilities for the Dream Chaser® Cargo System, a cargo transportation spacecraft being developed by SNC under the NASA Commercial Resupply Services (CRS2) program. The spacecraft is scheduled for at least six cargo delivery missions to and from the International Space Station between 2020 and 2024.
Joanna Boshouwers, MDA’s vice president and general manager responsible for this business said, “We are pleased to continue our partnership with SNC and to contribute to the success of the CRS2 program. MDA is a long-term supporter of SNC’s innovative Dream Chaser® space vehicle, and we look forward to working closely with SNC to bring it into service for NASA.”
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SAN FRANCISCO and WESTMINSTER, Colo. (MDA PR) — MacDonald, Dettwiler and Associates Ltd. (“MDA”) (TSX: MDA) and DigitalGlobe, Inc. (“DigitalGlobe”) (NYSE: DGI) today provided several updates related to the status of the pending acquisition of DigitalGlobe by a wholly owned subsidiary of MDA.
MDA and DigitalGlobe have withdrawn and re-filed their joint voluntary notice to the Committee on Foreign Investment in the United States (“CFIUS”) to provide additional time for CFIUS to complete its consideration of the proposed merger. Upon acceptance of the re-filing, CFIUS will initiate a new 30-day review period.
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..
SAN FRANCISCO, June 28, 2017 (SSL MDA PR) — SSL MDA Holdings Inc., a global communications and information company, today announced important milestones in its progress to bring transformational on-orbit satellite servicing to market.
Space Infrastructure Services LLC (SIS), a new U.S. company, will commercialize sophisticated satellite servicing capabilities, including refueling. SIS will be majority owned by Finance Technology Leverage LLC (FTL), a global investment company headquartered in Silicon Valley, along with other U.S. investors, with SSL MDA Holdings maintaining a minority ownership share. Full financing for the venture is expected to conclude in the coming weeks.
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.
CAMBRIDGE, ONT, Nov. 2, 2016 (exactEarth PR) – exactEarth Ltd. (TSX: XCT), the leading provider of Satellite AIS data services, announces that it has been awarded a four-year $2.7 million (including taxes) contract by MacDonald, Dettwiler and Associates Ltd. (MDA) to provide AIS data processing services for the Canadian Department of National Defence’s (DND) Polar Epsilon 2 (PE2) project.
The PE2 project is a national initiative that will combine radar and AIS data from the RADARSAT Constellation Mission to provide enhanced maritime domain awareness that will identify, detect and track vessels in Canada’s maritime approaches and support Canadian Armed Forces at home and abroad.
RICHMOND, BC (MDA PR) — MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX: MDA), a global communications and information company, announced today it has signed a contract amendment with the Canadian Space Agency for CA$35 million. The amendment provides funding for continued support to the ongoing robotic operations of the Mobile Servicing System on the International Space Station (ISS).
The Mobile Servicing System comprises Canadarm2, the Special Purpose Dextrous Manipulator known as “Dextre,” and the Mobile Base System. These three robotic systems perform a variety of operations ranging from resupply, maintenance, and servicing tasks on the space station that are critical to the on-going operations of the ISS.
MDA is a global communications and information company providing operational solutions to commercial and government organizations worldwide.
MDA’s business is focused on markets and customers with strong repeat business potential, primarily in the Communications sector and the Surveillance and Intelligence sector. In addition, the Company conducts a significant amount of advanced technology development.
MDA’s established global customer base is served by more than 4,800 employees operating from 13 locations in the United States, Canada, and internationally.
The Company’s common shares trade on the Toronto Stock Exchange under the symbol “MDA.”
Richmond, BC – MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX: MDA), a global communications and information company, today announced that it has been awarded multiple contracts from the Canadian Space Agency with a combined total value of CA$1.7 million.
MDA from Canada, Sodern from France and Teledyne Defence from the UK are now part of the OneWeb venture Contractors to provide antennas, star trackers and repeater equipment for 900 satellites
TOULOUSE, France (Airbus Defence & Space PR) — OneWeb Satellites, a joint venture equally owned by Airbus Defence and Space and OneWeb, has selected the first three top-tier subcontractors. The supply contracts have been signed with MacDonald, Dettwiler and Associates Ltd. (MDA) from Canada, Sodern from France and Teledyne Defence (a business unit of Teledyne Microwave Solutions) from the United Kingdom.