Aerospace Group:

Business/Financial

Maxar Completes Sale Of MDA To Private Equity Firm

By Cal Biesecker

Thursday, April 9th, 2020

SHARE:

Maxar Completes Sale Of MDA To Private Equity Firm

Maxar President and CEO Dan Jablonsky. Photo: Maxar Technologies

The Earth imagery and space technology company Maxar Technologies [MAXR] on Wednesday said it has completed the $765 million sale of its Canada-based space business MDA to a consortium of investors led by Toronto-based Northern Private Capital. Maxar, which is cased in Colorado, in December announced its plan to divest MDA to reduce its debt and improve its capital structure. “The closing of the MDA transaction concludes the near-term reshaping of our balance sheet and business portfolio,” Dan Jablonsky, CEO…

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]