Type | Private |
---|---|
Industry | Information technology services, Engineering services, Communications satellite |
Founded | 5 October 2017 |
Headquarters | Westminster, Colorado, United States |
Key people |
|
Revenue | US$1.61 billion (2022) |
US$11 million (2022) | |
US$−150 million (2022) | |
Total assets | US$4.61 billion (2022) |
Total equity | US$1.39 billion (2022) |
Owner | Advent International |
Number of employees | 4,600 (December 2022) |
Subsidiaries |
|
Website | maxar |
Footnotes /references [1] [2] |
Maxar Technologies Inc. is a space technology company headquartered in Westminster, Colorado, United States, specializing in manufacturing communication, Earth observation, radar, and on-orbit servicing satellites, satellite products, and related services. DigitalGlobe and MDA Holdings Company merged to become Maxar Technologies on October 5, 2017. [3]
Maxar Technologies is the parent holding company of Space Systems Loral, headquartered in Palo Alto, California, US; DigitalGlobe, headquartered in Westminster, Colorado, US; and Radiant Solutions, headquartered in Herndon, Virginia, US. From 2017 to 2023, it was dual-listed on the Toronto Stock Exchange and New York Stock Exchange as MAXR.
In May 2023, Maxar was acquired by private equity firm Advent International, in an all-cash transaction worth $6.4 billion. [4] [5]
Maxar Technologies was created in 2017 from the purchase of DigitalGlobe by MacDonald, Dettwiler and Associates (MDA), who renamed the company Maxar. [6] The headquarters of the combined entity was then established in Westminster, Colorado. The company was dual-listed on the TSX and NYSE. [7] [8]
In Q3 2018 Maxar's revenue and adjusted profit missed estimates due to a decline in its satellite manufacturing segment oriented towards geosynchronous Earth orbit communications, which led to a plunge in the stock price. [9] The situation was compounded in January 2019 with the loss of their relatively new WorldView-4 satellite, and the market capitalization fell from $3 to $0.3 billion in half a year, [10] and with an insurance payment only covering a fifth of WV-4 total launch cost the company had to restructure its debts in April 2019. [11]
In May 2019, the company was selected as the provider of the power and propulsion element for the Lunar Gateway developed by NASA. [12]
On December 30, 2019, the company announced that it had entered into a definitive agreement to sell MDA's assets to a consortium of financial sponsors led by Northern Private Capital for CA$1 billion (US$765 million). The sale includes all of MDA's Canadian businesses, encompassing ground stations, radar satellite products, robotics, defense, and satellite components, representing approximately 1,900 employees. [13]
On April 8, 2020, the sale of MDA to NPC officially closed. The divesting of its Canadian MDA portion returned MDA to a separate operating company. [14] The newly formed privately held Canadian company was named MDA Ltd., [15] which later listed on the Toronto Stock Exchange.
In 2022, Maxar published several satellite images that showed a Russian military convoy during its invasion of Ukraine. [16] [17] [18]
In September 2023, Maxar was broken into two business units, Maxar Space Infrastructure (based in California, led by CEO Chris Johnson) and Maxar Intelligence (based in Colorado, led by interim CEO Dan Jablonsky). [19]
This article contains a list that has not been sorted. Specifically, it does not follow the Manual of Style for lists of works (often, though not always, due to being in reverse-chronological order). See MOS:LISTSORT for more information.(March 2022) |
Intelsat S.A. is a multinational satellite services provider with corporate headquarters in Luxembourg and administrative headquarters in Tysons Corner, Virginia, United States. Originally formed as International Telecommunications Satellite Organization, from 1964 to 2001, it was an intergovernmental consortium owning and managing a constellation of communications satellites providing international telecommunications and broadcast services.
RADARSAT-1 was Canada's first commercial Earth observation satellite. It utilized synthetic aperture radar (SAR) to obtain images of the Earth's surface to manage natural resources and monitor global climate change. As of March 2013, the satellite was declared non-operational and is no longer collecting data.
SSL, formerly Space Systems/Loral, LLC (SS/L), of Palo Alto, California, is a wholly owned manufacturing subsidiary of Maxar Technologies.
Loral Space & Communications Inc. is a Delaware-domiciled satellite communications company headed by Michael B. Targoff. The company was formed in 1996 from the remnants of Loral Corporation when Loral divested its defense electronics and system integration businesses to Lockheed Martin for $9.1 billion. In 2006, Bernard L. Schwartz retired after leading the company for 34 years.
DigitalGlobe was an American commercial vendor of space imagery and geospatial content, and operator of civilian remote sensing spacecraft. The company went public on the New York Stock Exchange on 14 May 2009, selling 14.7 million shares at US$19.00 each to raise US$279 million in capital. On 5 October 2017, Maxar Technologies completed its acquisition of DigitalGlobe.
RADARSAT is a Canadian remote sensing Earth observation satellite program overseen by the Canadian Space Agency (CSA). The program has consisted of:
Earth Satellite Corporation (EarthSat), an American company, was a pioneer in the commercial use of Earth observation satellites. Founded in 1969, EarthSat was first headquartered in Washington, D.C., and later moved its offices to Bethesda, Maryland, and finally to Rockville, Maryland, in the late 1980s. In 2001, EarthSat was acquired by MacDonald, Dettwiler and Associates Ltd. (MDA) of Vancouver, British Columbia. In August 2005, EarthSat was incorporated as MDA Federal Inc., the U.S. operation of MDA Geospatial Services.
RapidEye AG was a German geospatial information provider focused on assisting in management decision-making through services based on their own Earth-observation imagery. The company operated a five-satellite constellation producing 5-meter resolution imagery that was designed and implemented by MacDonald Dettwiler of Richmond, Canada.
Trimble Inc. is an American software, hardware, and services technology company. Trimble supports global industries in building & construction, agriculture, geospatial, natural resources and utilities, governments, transportation and others. Trimble also does hardware development of global navigation satellite system (GNSS) receivers, scanners, laser rangefinders, unmanned aerial vehicles (UAVs), inertial navigation systems and software processing tools.
The Environmental Research Institute of Michigan (ERIM) was a research institute at Ann Arbor, Michigan, founded in 1972. The institute contributed to the development of remote sensing, radar, and holography. ERIM grew out of a military and environmental research arm of the University of Michigan, the Michigan Aeronautical Research Center, later known as the Willow Run Research Center.
SPAR Aerospace was a Canadian aerospace company. It produced equipment for the Canadian Space Agency to be used in cooperation with NASA's Space Shuttle program, most notably the Canadarm, a remote manipulator system.
Thermo Fisher Scientific Inc. is an American supplier of analytical instruments, life sciences solutions, specialty diagnostics, laboratory, pharmaceutical and biotechnology services. Based in Waltham, Massachusetts, Thermo Fisher was formed through the merger of Thermo Electron and Fisher Scientific in 2006. Thermo Fisher Scientific has acquired other reagent, consumable, instrumentation, and service providers, including Life Technologies Corporation (2013), Alfa Aesar (2015), Affymetrix (2016), FEI Company (2016), BD Advanced Bioprocessing (2018), and PPD (2021).
Platinum Equity, LLC is an American private equity investment firm founded by Tom Gores in 1995, headquartered in Beverly Hills, California. The firm focuses on leveraged buyout investments of established companies in the U.S., Europe and Asia.
Apollo Global Management, Inc. is an American private equity firm. It provides investment management and invests in credit, private equity, and real assets. As of 2022, the company had $548 billion of assets under management, including $392 billion invested in credit, including mezzanine capital, hedge funds, non-performing loans, and collateralized loan obligations, $99 billion invested in private equity, and $46.2 billion invested in real assets, which includes real estate and infrastructure. The company invests money on behalf of pension funds, financial endowments, and sovereign wealth funds, as well as other institutional and individual investors.
MDA Ltd. is a Canadian space technology company headquartered in Brampton, Ontario, Canada, that provides geointelligence, robotics and space operations, and satellite systems.
Advent International is a global private equity firm focused on buyouts of companies in Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, growth and strategic restructuring in five core sectors.
Space Infrastructure Servicing (SIS) is a spacecraft concept being developed by Canadian aerospace firm MDA to operate as a small-scale in-space refueling depot for communication satellites in geosynchronous orbit.
Daniel E. Friedmann serves as Carbon Engineering's CEO and Board Chair. Friedmann assumed the role of CEO in January, 2022, having served on CE's board for the previous five years, four of which as Board Chair.
Vricon was an American geospatial-intelligence data and software provider. It was a joint venture between Saab and DigitalGlobe and was headquartered in McLean, Virginia.
Nuvei Corporation is a payment processor headquartered in Montreal, Canada. Nuvei provides businesses with pay-in and payout options including card issuing, banking, risk and fraud management services, and enables them to accept more than 570 alternative payment methods. The company went public in September 2020 with a $700 million initial public offering on the Toronto Stock Exchange. At the time, the Canadian IPO was the largest ever technology company offering on the Toronto Stock Exchange. A year later, in October 2021, Nuvei closed a $424.8 million IPO on Nasdaq.