공시 • Feb 17
Maxar Technologies Announces Completion of 'Go-Shop' Period Maxar Technologies Inc. (NYSE: MAXR) announced the expiration of the 60-day 'go-shop' period pursuant to the terms of the previously announced definitive merger agreement to be acquired by Advent International, one of the largest and most experienced global private equity investors. As previously announced and under the definitive terms of the merger agreement, Advent has agreed to acquire all outstanding shares of Maxar common stock for $53.00 per share in cash. The 'go-shop' period expired at 11:59pm ET on February 14, 2023. During the 'go-shop' period, at the direction of the Maxar Board of Directors, Maxar and representatives of J.P. Morgan Securities LLC, financial advisor to Maxar, engaged with or actively solicited alternative acquisition proposals from 36 potentially interested third parties with respect to a possible alternative transaction to the merger. Maxar did not receive any competing acquisition proposals during the 'go-shop' period. Upon expiration of the 'go-shop' period, pursuant to the definitive merger agreement with Advent, Maxar became subject to customary 'no-shop' provisions that limit Maxar and its representatives' ability to solicit alternative acquisition proposals from third parties or to provide confidential information to third parties, subject to customary 'fiduciary out' provisions. The transaction remains subject to the satisfaction of customary closing conditions, including approval by Maxar stockholders and receipt of regulatory approvals. The transaction received U.S. antitrust clearance pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976 at the end of January and remains on track to close in mid-2023. Upon completion of the transaction, Maxar's common stock will no longer be publicly listed, and Maxar will become a privately held company. 공시 • Dec 18
Advent International Corporation and British Columbia Investment Management Corporation entered into an agreement to acquire Maxar Technologies Inc. (NYSE:MAXR) for $ 4.2 billion. Advent International Corporation and British Columbia Investment Management Corporation entered into an agreement to acquire Maxar Technologies Inc. (NYSE:MAXR) for $ 4.2 billion on December 15, 2022. Under the terms of the definitive merger agreement, Advent has agreed to acquire all outstanding shares of Maxar common stock for $53.00 per share in cash. Advent has arranged committed debt and equity financing commitments for the purpose of financing the transaction, providing a high level of closing certainty. Funds advised by Advent have committed an aggregate equity contribution of $3.1 billion and British Columbia Investment Management Corporation is providing a minority equity investment through a committed aggregate equity contribution equal to $1.0 billion. Upon completion of the transaction, Maxar’s common stock will no longer be publicly listed. It is expected that Maxar will continue to operate under the same brand and maintain its current headquarters in Westminster, Colorado. Maxar Technologies will be required to pay a termination fee to Advent International equal to $51,900,000 if the Merger Agreement is terminated by Maxar Technologies prior to 11:59 p.m., New York City time on February 14, 2023 to enter into a definitive contract providing for a Superior Proposal with an Excluded Party. Maxar will be required to pay a termination fee to Advent International equal to $124,500,000 if the Merger Agreement is terminated in certain other specified circumstances. The Merger Agreement also provides that a reverse termination fee of $249,000,000 will be payable by Advent to Maxar Technologies under specified circumstances The agreement includes a 60-day “go-shop” period expiring at 11:59 pm EST on February 14, 2023. The transaction is subject to customary closing conditions, including approval by Maxar stockholders, the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and receipt of regulatory approvals. The Board of Directors of Maxar has unanimously approved the merger agreement The transaction is expected to close mid-2023. J.P. Morgan Securities LLC is serving as financial advisor and fairness opinion provider to Maxar and Wachtell, Lipton, Rosen & Katz is serving as lead counsel to Maxar. Milbank LLP is serving as Maxar’s legal advisor with respect to certain space industry and regulatory matters. Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are serving as financial advisors to Advent and James R. Griffin, Claudia Lai, Jonathan Wood, Ramona Nee and Paul Overmyer of Weil, Gotshal & Manges LLP is serving as lead counsel to Advent. Covington & Burling LLP is serving as Advent’s legal advisor with respect to certain regulatory matters. Skadden, Arps, Slate, Meagher & Flom LLP is serving as lead counsel to BCI. Freshfields Bruckhaus Deringer LLP is serving as BCI’s legal advisor with respect to certain regulatory matters. 공시 • Dec 17
Maxar Technologies’ Common Stock No Longer Be Publicly Listed, Upon Completion of the Transaction Maxar Technologies Inc. announced that it has entered into a definitive merger agreement to be acquired by Advent International (Advent), in an all-cash transaction that values Maxar at an enterprise value of approximately $6.4 billion. Following the close of the transaction, Maxar will remain a U.S.-controlled and operated company. Upon completion of the transaction, Maxar’s common stock will no longer be publicly listed. It is expected that Maxar will continue to operate under the same brand and maintain its current headquarters in Westminster, Colorado. 공시 • Dec 14
Maxar Technologies Inc. Announces Galaxy 35 and Galaxy 36 Satellites for Intelsat Begin Commissioning Activities On Orbit After Launch Maxar Technologies confirmed that Galaxy 35 and Galaxy 36, built for Intelsat, are performing as expected after launch aboard an Ariane 5 rocket from Arianespace’s launch base in French Guiana. These two geostationary (GEO) satellites will enable Intelsat, operator of the world’s largest integrated satellite and terrestrial network and leading provider of inflight connectivity, to transfer its services—uninterrupted—as part of the U.S. Federal Communications Commission plan to reallocate parts of the C-band spectrum for 5G terrestrial wireless services. Shortly after launch earlier today, both satellites deployed their solar arrays and began receiving and sending signals. Next, Galaxy 35 and Galaxy 36 will begin firing thrusters to commence their journeys to final geostationary orbit. Maxar recently built two other satellites for Intelsat, Galaxy 31 and Galaxy 32, which successfully launched on November 12, 2022, and are currently being commissioned for operations. In addition to the five C-band satellites Intelsat has ordered from Maxar in 2020 to support their C-band spectrum transition, the company also contracted Maxar to manufacture its next-generation Intelsat 40e geostationary communications satellite, currently in assembly. Upcoming Dividend • Dec 07
Upcoming dividend of US$0.01 per share Eligible shareholders must have bought the stock before 14 December 2022. Payment date: 30 December 2022. Trailing yield: 0.2%. Lower than top quartile of Canadian dividend payers (5.7%). Lower than average of industry peers (1.8%). 공시 • Nov 13
Maxar-Built Galaxy 31 and Galaxy 32 Satellites for Intelsat Performing Properly After Launch Maxar Technologies announced that Galaxy 31 and Galaxy 32, built for Intelsat, are performing as expected after being launched aboard a SpaceX Falcon 9 rocket from Cape Canaveral, Florida. These two geostationary satellites will enable Intelsat, operator of the world’s large integrated satellite and terrestrial network and leading provider of inflight connectivity, to transfer its services—uninterrupted—as part of the U.S. Federal Communications Commission (FCC) plan to reallocate parts of the C-band spectrum for 5G terrestrial wireless services. Galaxy 31 and Galaxy 32 are the first of five satellites that Intelsat contracted Maxar to build for the C-band transition. All five satellites will be built on Maxar’s proven 1300-class platform, which offers the flexibility and power needed for a broad range of customer missions. Shortly after launch earlier November 12, 2022, both satellites deployed their solar arrays and began receiving and sending signals. Next, Galaxy 31 and Galaxy 32 will begin firing thrusters to commerce their journeys to final geostationary orbit. Maxar also manufactured Intelsat’s Galaxy 35 and Galaxy 36, which are preparing for launch in mid-December 2022. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 23% share price gain to CA$34.83, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 21x in the Aerospace & Defense industry in North America. Total returns to shareholders of 132% over the past three years. 공시 • Nov 05
Maxar Technologies Inc. (NYSE:MAXR) acquired Wovenware, Inc. for $33 million. Maxar Technologies Inc. (NYSE:MAXR) acquired Wovenware, Inc. for $33 million on November 1, 2022. A portion of which is contingent on certain operating metrics, that will be paid out over a period of five years. As a result of the transaction, Wovenware will operate as a wholly owned subsidiary of Maxar Technologies Inc. Wovenware’s co-founders, Christian González and Carlos Meléndez, will continue to oversee day-to-day operations of the company.
Maxar Technologies Inc. (NYSE:MAXR) completed the acquisition of Wovenware, Inc. on November 1, 2022. Reported Earnings • Nov 04
Third quarter 2022 earnings: Revenues miss analyst expectations Third quarter 2022 results: Revenue: US$436.0m (flat on 3Q 2021). Net loss: US$4.00m (down 129% from profit in 3Q 2021). Revenue missed analyst estimates by 4.2%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Aerospace & Defense industry in Canada. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. 공시 • Oct 27
Maxar Technologies Inc. Approves Quarterly Dividend, Payable on December 30, 2022 Maxar Technologies announced that its Board of Directors declared a regular quarterly dividend of one cent ($0.01) per share. The dividend is payable on December 30, 2022, to shareholders of record as of the close of business on December 15, 2022. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improved over the past week After last week's 18% share price gain to CA$29.50, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Aerospace & Defense industry in North America. Total returns to shareholders of 183% over the past three years. Upcoming Dividend • Sep 07
Upcoming dividend of US$0.01 per share Eligible shareholders must have bought the stock before 14 September 2022. Payment date: 30 September 2022. Trailing yield: 0.2%. Lower than top quartile of Canadian dividend payers (5.7%). Lower than average of industry peers (2.0%). Reported Earnings • Aug 10
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: US$0.41 loss per share (down from US$0.62 profit in 2Q 2021). Revenue: US$438.0m (down 7.4% from 2Q 2021). Net loss: US$30.0m (down 167% from profit in 2Q 2021). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 8.2%, compared to a 47% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 56% per year, which means it is significantly lagging earnings growth. 공시 • Jul 29
Maxar Technologies Inc. Board of Directors Approves Quarterly Dividend, Payable on September 30, 2022 Maxar Technologies announced that its Board of Directors declared a regular quarterly dividend of one cent ($0.01) per share. The dividend is payable on September 30, 2022, to shareholders of record as of the close of business on September 15, 2022. 공시 • Jul 28
Maxar Technologies Inc. to Report Q2, 2022 Results on Aug 09, 2022 Maxar Technologies Inc. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Aug 09, 2022 공시 • Jul 22
Maxar Technologies’s High-Resolution Vivid Basemaps Enhances Esri ArcGIS Living Atlas of the World Maxar Technologies announced that Esri will enhance the World Imagery layer with higher resolution Maxar Vivid basemaps in the Living Atlas. With the new, multiyear agreement, Esri will use Maxar’s Vivid basemaps to upgrade nearly half of the global landmass in Living Atlas from 1.2 m resolution to 60 cm resolution. This enhancement reflects a continued investment from the Esri Living Atlas team to bring the best quality, higher resolution imagery basemaps to ArcGIS Online users for creating more accurate maps and making better decisions. Esri’s Living Atlas is a collection of geographic information from around the globe, including maps, apps and data layers. ArcGIS users around the globe rely on the Living Atlas daily to create new derivative maps and data layers, to conduct environmental studies, and to build dashboards for tracking pandemics, among many other use cases. These Maxar products are available in the Living Atlas: Vivid Standard is a high-resolution, high-accuracy and visually-consistent global imagery basemaps built with Maxar satellite imagery. Vivid Advanced upgrades Vivid Standard’s quality over select metropolitan areas with nearly cloud-free imagery basemaps. NaturalVue® 2.0 is an image mosaic that combines more than 60,000 Landsat 8 images to create a seamless, virtually cloud-free, 15 meter basemap that reflects the Earth’s true colors. National Urban Change Indicator (NUCI) is a commercial urban change detection product that highlights areas of new construction activity by isolating changes that persist over time, derived from more than 13,000 Landsat images. Upcoming Dividend • Jun 07
Upcoming dividend of US$0.01 per share Eligible shareholders must have bought the stock before 14 June 2022. Payment date: 30 June 2022. Trailing yield: 0.1%. Lower than top quartile of Canadian dividend payers (4.8%). Lower than average of industry peers (1.9%). Recent Insider Transactions Derivative • Jun 04
Insider notifies of intention to sell stock Elizabeth Andora intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 31st of May. If the sale is conducted around the recent share price of CA$38.28, it would amount to CA$186k. Since March 2022, Elizabeth's direct individual holding has decreased from 18.60k shares to 18.53k. Company insiders have collectively bought CA$185k more than they sold, via options and on-market transactions, in the last 12 months. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 18% share price gain to CA$39.07, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 18x in the Aerospace & Defense industry in North America. Total returns to shareholders of 332% over the past three years. 공시 • May 26
Maxar Technologies Inc. Provides Earnings Guidance for the Fiscal Year 2022 Maxar Technologies Inc. provided earnings guidance for the fiscal year 2022. For the period, the company expects revenue to be between $1,805 million and $1,855 million. Reported Earnings • May 10
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: US$0.096 loss per share (up from US$1.30 loss in 1Q 2021). Revenue: US$405.0m (up 3.3% from 1Q 2021). Net loss: US$7.00m (loss narrowed 92% from 1Q 2021). Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 83%. Over the next year, revenue is forecast to grow 4.3%, compared to a 40% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. 공시 • Apr 22
Maxar Technologies Inc. Declares Quarterly Dividend, Payable on June 30, 2022 Maxar Technologies Inc. announced that its Board of Directors declared a regular quarterly dividend of 1 cent ($0.01) per share. The dividend is payable on June 30, 2022, to shareholders of record as of the close of business on June 15, 2022. 공시 • Apr 01
Maxar Technologies Inc., Annual General Meeting, May 11, 2022 Maxar Technologies Inc., Annual General Meeting, May 11, 2022, at 14:00 US Mountain Standard Time. Agenda: To consider the election of eleven director nominees to serve for a one-year term expiring at our 2023 annual meeting of stockholders and until their respective successors are duly elected and qualified; to approval, on a non-binding advisory basis, of the executive compensation of our named executive officers; to consider the ratification of the appointment of kpmg llp as our independent registered public accounting firm for the year ending December 31, 2022; and to consider the other matters. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.01 per share Eligible shareholders must have bought the stock before 14 March 2022. Payment date: 31 March 2022. Payout ratio is a comfortable 6.1% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Canadian dividend payers (4.8%). Lower than average of industry peers (1.8%). Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 19% share price gain to CA$41.34, the stock trades at a forward P/E ratio of 61x. Average forward P/E is 19x in the Aerospace & Defense industry in North America. Total returns to shareholders of 498% over the past three years. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: US$0.65 (up from US$0.76 loss in FY 2020). Revenue: US$1.77b (up 2.7% from FY 2020). Net income: US$46.0m (up US$92.0m from FY 2020). Profit margin: 2.6% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 5.9%, compared to a 37% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. 공시 • Feb 17
Maxar Technologies Inc. Declares Regular Quarterly Dividend, Payable on March 31, 2022 Maxar Technologies Inc. announced that its Board of Directors declared a regular quarterly dividend of 1 cent ($0.01) per share. The dividend is payable on March 31, 2022, to shareholders of record as of the close of business on March 15, 2022. 공시 • Feb 09
Maxar Technologies Inc. to Report Q4, 2021 Results on Feb 22, 2022 Maxar Technologies Inc. announced that they will report Q4, 2021 results After-Market on Feb 22, 2022 Upcoming Dividend • Dec 07
Upcoming dividend of US$0.01 per share Eligible shareholders must have bought the stock before 14 December 2021. Payment date: 31 December 2021. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Canadian dividend payers (4.7%). Lower than average of industry peers (2.2%). Recent Insider Transactions • Dec 01
Executive VP & CTO recently bought CA$70k worth of stock On the 23rd of November, Walter Scott bought around 2k shares on-market at roughly CA$37.53 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$388k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS US$0.19 (vs US$1.38 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: US$437.0m (flat on 3Q 2020). Net income: US$14.0m (down 83% from 3Q 2020). Profit margin: 3.2% (down from 19% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 07
Upcoming dividend of US$0.01 per share Eligible shareholders must have bought the stock before 14 September 2021. Payment date: 30 September 2021. Trailing yield: 0.1%. Lower than top quartile of Canadian dividend payers (4.6%). Lower than average of industry peers (2.1%). Recent Insider Transactions • Aug 22
Executive VP & CTO recently bought CA$65k worth of stock On the 17th of August, Walter Scott bought around 2k shares on-market at roughly CA$36.47 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$568k more in shares than they have sold in the last 12 months. Upcoming Dividend • Jun 08
Upcoming dividend of US$0.01 per share Eligible shareholders must have bought the stock before 14 June 2021. Payment date: 30 June 2021. Trailing yield: 0.1%. Lower than top quartile of Canadian dividend payers (4.5%). Lower than average of industry peers (2.0%). Executive Departure • May 25
Senior VP & Chief Product Officer has left the company On the 24th of May, Jeffrey Culwell's tenure in the role of Senior VP & Chief Product Officer ended. We don't have any record of a personal shareholding under Jeffrey's name. A total of 2 executives have left over the last 12 months. Executive Departure • May 25
Interim Executive Vice President of Space Programs Delivery Paul Estey has left the company On the 24th of May, Paul Estey's tenure in the role of Interim Executive Vice President of Space Programs Delivery ended. We don't have any record of a personal shareholding under Paul's name. A total of 2 executives have left over the last 12 months. Recent Insider Transactions • May 09
CFO & Executive VP recently bought CA$116k worth of stock On the 6th of May, Biggs Porter bought around 3k shares on-market at roughly CA$34.15 per share. This was the largest purchase by an insider in the last 3 months. Biggs has been a buyer over the last 12 months, purchasing a net total of CA$176k worth in shares. Reported Earnings • May 05
First quarter 2021 earnings released The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: US$392.0m (up 2.9% from 1Q 2020). Net loss: US$84.0m (loss widened 7.7% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Apr 02
President recently bought CA$68k worth of stock On the 25th of March, Daniel Jablonsky bought around 2k shares on-market at roughly CA$45.03 per share. This was the largest purchase by an insider in the last 3 months. Daniel has been a buyer over the last 12 months, purchasing a net total of CA$156k worth in shares. Recent Insider Transactions • Mar 31
President recently bought CA$68k worth of stock On the 25th of March, Daniel Jablonsky bought around 2k shares on-market at roughly CA$45.03 per share. This was the largest purchase by an insider in the last 3 months. Daniel has been a buyer over the last 12 months, purchasing a net total of CA$156k worth in shares. Recent Insider Transactions • Mar 27
President recently bought CA$68k worth of stock On the 25th of March, Daniel Jablonsky bought around 2k shares on-market at roughly CA$45.03 per share. This was the largest purchase by an insider in the last 3 months. Daniel has been a buyer over the last 12 months, purchasing a net total of CA$156k worth in shares. 공시 • Mar 19
Maxar Technologies Inc. has completed a Follow-on Equity Offering in the amount of $400 million. Maxar Technologies Inc. has completed a Follow-on Equity Offering in the amount of $400 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: $40
Discount Per Security: $2 공시 • Mar 12
Maxar Technologies Inc. Completes Spider Robotic Arm Critical Design Review Maxar Technologies Inc. announced that the SPace Infrastructure DExterous Robot (SPIDER) it is developing for NASA completed its Critical Design Review (CDR). SPIDER is a robotic assembly and manufacturing demonstration included on NASA’s upcoming On-Orbit Servicing, Assembly and Manufacturing-1 (OSAM-1) mission. With the CDR complete, Maxar remains on track to deliver the SPIDER hardware to NASA in the first half of 2022. SPIDER will demonstrate the ability to robotically assemble and reconfigure spacecraft components while on-orbit. This revolutionary process could allow satellites, telescopes and other systems to use larger and more powerful components that might not fit into a standard rocket fairing when fully assembled. SPIDER will be integrated with the spacecraft busMaxar is also building for OSAM-1, which will refuel a government-owned satellite that was not originally designed to be serviced on-orbit. Specifically, for OSAM-1, SPIDER will assemble in space seven individual antenna reflector elements to construct one large, precisely shaped antenna reflector. The company has previously delivered six robotic arms for NASA’s Mars rovers and landers, including the Sample Handling Assembly robotic arm on the recently landed Perseverance Rover. The SPIDER CDR took place over a four-day period in February and demonstrated that the arm design meets NASA mission requirements. NASA missions undergo multiple rigorous technical and programmatic reviews as they proceed through the phases of development prior to launch. The CDR is one of several NASA mission milestones, culminating with the spacecraft’s launch. As part of the OSAM-1 mission, SPIDER will also demonstrate in-space manufacturing using Tethers Unlimited’s MakerSat. MakerSat will manufacture a 10-meter lightweight composite beam, verifying its capability to form large spacecraft structures for future missions. As it manufactures the beam, MakerSat will measure the beam’s straightness and mechanical properties to determine if it is built to prescribed requirements. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 0.9%. Earnings per share (EPS) missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 6.4%, compared to a 539% growth forecast for the Aerospace & Defense industry in Canada. Reported Earnings • Feb 27
Full year 2020 earnings released: US$0.76 loss per share (vs US$1.39 profit in FY 2019) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: US$1.72b (up 3.4% from FY 2019). Net loss: US$46.0m (down 155% from profit in FY 2019). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improved over the past week After last week's 23% share price gain to US$65.79, the stock is trading at a trailing P/E ratio of 50x, up from the previous P/E ratio of 40.8x. This compares to an average P/E of 34x in the Aerospace & Defense industry in North America. Total return to shareholders over the past three years is a loss of 5.8%. 공시 • Jan 28
Maxar Technologies Inc.(TSX:MDA) dropped from S&P Global BMI Index Maxar Technologies Inc.(TSX:MDA) dropped from S&P Global BMI Index 공시 • Jan 26
Maxar Technologies Inc. to Report Q4, 2020 Results on Feb 24, 2021 Maxar Technologies Inc. announced that they will report Q4, 2020 results After-Market on Feb 24, 2021 공시 • Jan 22
Mapbox Launches 3D Maps with 135 Million Sq Km of Global, High-Resolution Imagery from Maxar Mapbox just updated the entire world with fresh satellite imagery, totaling 135,000,000 km² of satellite imagery from Maxar Technologies the leader in Earth Intelligence and Space Infrastructure. The new data is from Maxar’s WorldView satellites the most advanced, highest-resolution Earth observation instruments of their kind. The high-resolution imagery includes beautiful colors and textures, making it great for finding landmarks during a run on Strava, optimizing delivery times on Straightaway by zooming in on the last 100 feet, seeing snow storms forming along the coastlines in British Columbia with The Weather app, visualizing the landscape while reading National Geographic, and even seeing a real-time heatmap of what’s happening in a city on Snapchat. This imagery, combined with the recent launch of Mapbox 3D, is the canvas for creating totally custom maps for the web and mobile. Now all maps are in 3D: the camera’s view of the map is controlled through the newly launched Camera API, and the sun’s position is simulated based on geographic location and time of day. The combination of Maxar’s image quality, volume, and recency — together with the launch of Mapbox 3D — transforms the interactive map experience. This imagery lets read runway markings, count cars and shipping containers, and see inside buildings under construction. To enable the realistic views this new imagery offers, Mapbox has released new APIs to deliver greater controls for developers: Camera API: The Camera API is the free form low-level API for controlling the camera and its view of the map. This increases the map’s maximum pitch from 60 to 85 degrees. This provides access to the low-level camera code for developers to fine-tune details where the map can be tightly coordinated with other UI elements, transitioning smoothly and precisely, framing the right content in the viewport. High Performance DEM: Terrain tile sizes are now reduced by 50% on average compared to the legacy terrain-rgb data, corresponding to a 35% improvement in hillshade layer rendering. Improved map load by 30% on average, and in some styles more than 50%, through improved prioritization of resource loading and task distribution. Sky API: The new Sky API, allows the map to simulate the sun’s position based on geographic location and time of day. Gradient sky layers use color ramps, starting at a distance of 0 from the sky center, and 1 at the sky’s farthest extent. Here the fading is set between 0.8 and 1 to ramp within the visible range. 공시 • Jan 20
Maxar Technologies Appoints Dr. Heather Wilson to Board of Directors Maxar Technologies Inc. announced the appointment of Dr. Heather Wilson to serve on the Company’s Board of Directors. Dr. Wilson will serve as a Director for a term expiring at the Company’s 2021 Annual Meeting of Stockholders when she will stand for election by the stockholders. Dr. Wilson, age 60, has served as President of The University of Texas at El Paso since 2019. Previously, she was the Secretary of the United States Air Force from May 2017 through May 2019. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improved over the past week After last week's 25% share price gain to US$62.00, the stock is trading at a trailing P/E ratio of 47.6x, up from the previous P/E ratio of 38x. This compares to an average P/E of 32x in the Aerospace & Defense industry in North America. Total return to shareholders over the past three years is a loss of 17%. Is New 90 Day High Low • Jan 01
New 90-day high: CA$49.21 The company is up 42% from its price of CA$34.70 on 02 October 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Aerospace & Defense industry, which is up 66% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CA$71.19 per share. Valuation Update With 7 Day Price Move • Dec 10
Market bids up stock over the past week After last week's 15% share price gain to US$41.45, the stock is trading at a trailing P/E ratio of 33.1x, up from the previous P/E ratio of 28.7x. This compares to an average P/E of 24x in the Aerospace & Defense industry in North America. Total return to shareholders over the past three years is a loss of 48%. Is New 90 Day High Low • Dec 09
New 90-day high: CA$41.49 The company is up 37% from its price of CA$30.27 on 09 September 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Aerospace & Defense industry, which is up 57% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CA$51.06 per share. 공시 • Nov 18
Aware, Inc. (NasdaqGM:AWRE) acquired AFIX Product Line from Maxar Technologies Inc. (NYSE:MAXR). Aware, Inc. (NasdaqGM:AWRE) acquired AFIX Product Line from Maxar Technologies Inc. (NYSE:MAXR) on November 17, 2020.
Aware, Inc. (NasdaqGM:AWRE) completed the acquisition of AFIX Product Line from Maxar Technologies Inc. (NYSE:MAXR) on November 17, 2020. Recent Insider Transactions • Nov 15
Independent Chairman of the Board recently bought CA$84k worth of stock On the 10th of November, Howell Estes bought around 3k shares on-market at roughly CA$30.09 per share. In the last 3 months, there was an even bigger purchase from another insider worth CA$89k. This was Howell's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Nov 14
Market bids up stock over the past week After last week's 17% share price gain to US$32.84, the stock is trading at a trailing P/E ratio of 25.6x, up from the previous P/E ratio of 21.9x. This compares to an average P/E of 23x in the Aerospace & Defense industry in North America. Total return to shareholders over the past three years is a loss of 56%. Valuation Update With 7 Day Price Move • Nov 12
Market pulls back on stock over the past week After last week's 17% share price decline to US$30.99, the stock is trading at a trailing P/E ratio of 16.4x, down from the previous P/E ratio of 19.7x. This compares to an average P/E of 22x in the Aerospace & Defense industry in North America. Total return to shareholders over the past three years is a loss of 59%. Is New 90 Day High Low • Nov 07
New 90-day low: CA$28.10 The company is down 15% from its price of CA$33.13 on 07 August 2020. The Canadian market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Aerospace & Defense industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CA$48.80 per share. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS US$1.38 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: US$436.0m (down 9.0% from 3Q 2019). Net income: US$84.0m (up US$110.0m from 3Q 2019). Profit margin: 19% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. 공시 • Oct 30
U.S. Space Force Selects Maxar Technologies to Develop Prototype Mission Data Processing Applications Maxar Technologies announced that it was selected by the U.S. Space Force to develop prototype mission data processing applications for the Future Operationally Resilient Ground Evolution Mission Data Processing (FORGE MDP) program located within the Cross-Mission Ground & Communications Enterprise at the Space & Missile Systems Center. Maxar’s prototype applications will provide rapid mission data processing and dissemination services for Overhead Persistent Infrared (OPIR) data from the Space-Based Infrared System (SBIRS) satellites. The contract is valued at $8.5 million over 12 months and was awarded through the Space Enterprise Consortium, managed by Advanced Technology International. The U.S. Space Force is responsible for processing and managing increasingly large amounts of data from its satellite constellations. FORGE MDP will modernize and streamline the existing ground system into an architecture that is open, scalable, modular and resilient to meet next-generation mission requirements and exploit data from future satellite constellations. As an essential component of FORGE MDP, Maxar’s applications rapidly process satellite data to provide missile warning and other mission-critical notifications. To create its solution, Maxar assembled an experienced team of industry-recognized technical and programmatic experts in OPIR data processing, distributed tracking and data fusion and UI development, which includes Numerica, Sandia National Laboratories and the University Corporation for Atmospheric Research. 공시 • Oct 14
Maxar Technologies Extends Contract with Esri to Provide Satellite Imagery Basemaps and Expanded Rights for App Developers Maxar Technologies announced that its longtime partner Esri has signed a multi-million dollar contract extension to continue licensing data for the ArcGIS Living Atlas of the World through 2023. This expanded agreement ensures access to Maxar imagery by the millions of ArcGIS users worldwide. It also provides expanded rights to empower the growing community of Esri developers focused on commercial location-based applications to integrate Maxar imagery products for the first time. Esri recently named Maxar a 2020 Cornerstone Partner, marking a 20-year partnership of dedication to the geographic information systems (GIS) community. Maxar continues to be Esri’s foundation imagery provider, supplying high-resolution satellite imagery for the Living Atlas of the World, a collection of geographic information layers and data sets for the world, including maps, apps and data layers and population statistics of all types. These Maxar products are available in the Living Atlas: Vivid and Metro are the resolution, most accurate and visually consistent global imagery basemaps made from Maxar satellite imagery available on the market. NaturalVue® 2.0is an image mosaic that combines more than 60,000 Landsat 8 images to create a seamless, virtually cloud-free, 15-meter basemap that reflects the Earth’s true colors. National Urban Change Indicator (NUCI) is a commercial urban change detection product that highlights areas of new construction activity by isolating changes that persist over time, derived from more than 13,000 Landsat images. Is New 90 Day High Low • Oct 14
New 90-day high: CA$39.12 The company is up 79% from its price of CA$21.82 on 16 July 2020. The Canadian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CA$92.35 per share. 공시 • Sep 22
U.S. Army Selects Maxar Technologies to Deliver Portable Satellite Imagery Ground Systems Maxar Technologies announced that it has been selected by the U.S. Army Geospatial Center to deliver multiple highly portable, direct-downlink tactical ground systems that provide critical geospatial intelligence to users in remote locations. Maxar was awarded a sole-source, indefinite-delivery/indefinite-quantity (IDIQ) contract valued at up to $49 million over eight years and two initial task orders worth a combined value of $8 million. The system, called the U.S. Army Remote Ground Terminal (RGT), is easily transported by two people and can be set-up in about an hour. The RGT enables troops in remote locations to rapidly downlink, analyze and disseminate data from commercial Earth observation satellites to support military, humanitarian and disaster relief missions. The RGT system is based on Maxar’s Tactical Architecture for Near-real-time Global Operations (TANGOTM) platform, the most portable ground system of its kind. The RGT downlinks data from a variety of commercial sources, including Maxar’s high-resolution WorldView constellation, and is designed to be continuously upgraded with additional commercial electro-optical and synthetic aperture radar sources. The RGT comes with robust training for unit operators to enable self-sustained operations, and 24/7 field service available from Maxar. Is New 90 Day High Low • Sep 19
New 90-day high: CA$38.27 The company is up 84% from its price of CA$20.82 on 19 June 2020. The Canadian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Aerospace & Defense industry, which is down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CA$90.33 per share. 공시 • Sep 18
Maxar Technologies Awards Contract to Build Sixth Geostationary Communications Satellite for Intelsat Maxar Technologies announced it will build the Galaxy 37 geostationary communications satellite for Intelsat. Galaxy 37 is the sixth Intelsat geostationary communications satellite awarded to Maxar in 2020. Galaxy 37 will join four previously ordered satellites from Maxar in helping Intelsat transition its existing media distribution and contribution services–uninterrupted–from the 3.7 to 4.0 gigahertz portion of the C-band, to the 4.0 to 4.2 gigahertz portion of the band, freeing up spectrum for 5G terrestrial wireless services. Galaxy 37 will be based on Maxar’s proven 1300-class spacecraft platform, which offers the flexibility and power for a broad range of customer missions. The satellite is scheduled for delivery in 2023. In addition to the five C-band satellites Intelsat has ordered from Maxar in 2020 to support their C-band spectrum transition, the company also contracted Maxar to manufacture its next-generation Intelsat 40e geostationary communications satellite. 공시 • Jul 31
A consortium of financial sponsors led by Northern Private Capital Ltd. completed the acquisition of Maxar Technologies ULC, MDA GP Holdings Ltd. and MDA Systems Inc. from Maxar Technologies Holdings Inc. and Maxar Technologies Inc. (NYSE:MAXR). A consortium of financial sponsors led by Northern Private Capital Ltd. entered into a definitive agreement to acquire Maxar Technologies ULC, MDA GP Holdings Ltd. and MDA Systems Inc. from Maxar Technologies Holdings Inc. and Maxar Technologies Inc. (NYSE:MAXR) for CAD 1 billion on December 29, 2019. The consideration is subject to customary purchase price adjustments for working capital, cash and debt. The agreement contains a negative purchase price adjustment of up to CAD 65 million for a complete loss or failure of RADARSAT-2, such that it cannot be used for the intended commercial purposes of Maxar. Maxar Technologies Inc. will sell all the outstanding shares of Maxar Technologies ULC and Maxar Technologies Holdings will sell all the outstanding shares of MDA GP Holdings Ltd. and MDA Systems Inc. Northern Private Capital has provided debt financing commitment letter and equity financing commitment letter to Maxar Technologies. The financing will provide Northern Private Capital with cash proceeds on the closing date sufficient to enable Northern Private Capital to pay the consideration. In case of termination, Northern Private Capital will pay a termination fee of CAD 55 million. Following the completion of the transaction, Maxar Technologies ULC, and MDA Systems will operate as a stand-alone companies within Northern Private Capital's portfolio, retaining their names and standing as the leading space and defense companies in Canada.
The closing of the transaction is conditioned on customary closing conditions and on specified regulatory approvals, including review by the Committee on Foreign Investment in the United States, Hart-Scott-Rodino review by the U.S. Department of Justice and the U.S. Federal Trade Commission, and Canadian government reviews under the Radio communication Act and the Competition Act. The closing of the transaction is not subject to a financing condition. Maxar Technologies expects to use proceeds to reduce leverage and improve its capital structure to prioritize investments for growth in its core areas of Earth Intelligence and Space Infrastructure. As of February 18, 2020, anti-trust approval was obtained and the Federal Trade Commission provided early termination of antitrust approval waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act. The deal is expected to close in the spring or early summer of 2020. Maxar Technologies expects to use the net proceeds to repay debt and improve our capital structure to prioritize investments for growth in our core areas of Earth Intelligence and Space Infrastructure.
PJT Partners, RBC Capital Markets and Bank of America Merrill Lynch acted as financial advisors to Maxar Technologies Holdings Inc. and Maxar Technologies Inc. Wachtell, Lipton, Rosen & Katz and Stikeman Elliott LLP acted as legal advisors to Maxar Technologies Holdings Inc. and Maxar Technologies Inc. Scotiabank, Inc. and BMO Capital Markets acted as financial advisors to Northern Private Capital Ltd. Neill May of Goodmans acted as legal advisor for the consortium led by Northern Private Capital.
A consortium of financial sponsors led by Northern Private Capital Ltd. completed the acquisition of Maxar Technologies ULC, MDA GP Holdings Ltd. and MDA Systems Inc. from Maxar Technologies Holdings Inc. and Maxar Technologies Inc. (NYSE:MAXR) on April 8, 2020. 공시 • Jul 24
Maxar Technologies Inc. to Report Q2, 2020 Results on Aug 05, 2020 Maxar Technologies Inc. announced that they will report Q2, 2020 results at 5:00 PM, Eastern Standard Time on Aug 05, 2020 