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Maxar Technologies (NYSE:MAXR) announced that its stockholders voted overwhelmingly in favor of the merger agreement with Advent International, with approximately 99.6% of votes supporting the deal. Each Maxar shareholder will receive $53.00 in cash per share as part of the acquisition. This transaction represents about 75.4% of Maxar's total shares as of March 15, 2023. The merger is expected to close in late April or early May 2023, pending regulatory approvals. Maxar's leadership expressed gratitude for stockholder support and highlighted expectations for enhanced technology delivery post-acquisition.
Maxar Technologies (NYSE: MAXR) has secured an order from DISH for a new geostationary communications satellite, ES XXV. This satellite, part of the Maxar 1300 series, will enhance content delivery across North America and will be constructed at Maxar's facilities in Palo Alto and San Jose, California. The satellite will feature a high-power, multi-spot beam payload, ensuring high-quality service for DISH customers. Since 1999, Maxar has built 11 satellites for DISH, showcasing ongoing collaboration in the GEO communications market. This order exemplifies Maxar's commitment to providing scalable solutions for its clients.
Maxar Technologies (NYSE:MAXR) has announced a rebranding of its spacecraft platforms, showcasing its extensive manufacturing capabilities aimed at meeting evolving commercial, civil, and national security missions in space. The new portfolio includes the Maxar 300™, Maxar 500™, and Maxar 1300™ series, underscoring over 60 years of satellite manufacturing expertise. Maxar 300™, designed for rapid deployment, has been selected for the Space Development Agency’s Tracking constellation. The Maxar 500™ series offers versatility for various missions, while the globally recognized Maxar 1300™ series supports higher-power missions, including NASA’s Gateway program. These advancements reflect Maxar's commitment to delivering reliable and flexible spacecraft solutions.
Maxar Technologies (NYSE: MAXR) has announced significant progress in its acquisition by Advent International, with most regulatory consents now secured. The transaction, proposed at
Maxar Technologies (NYSE:MAXR) has announced a Stage II contract extension for its subsidiary, Aurora Insight Inc., from the National Reconnaissance Office (NRO). This extension focuses on demonstrating the performance of commercial radio frequency (RF) remote sensing capabilities to meet U.S. government needs. Previously awarded a Stage I contract, Aurora Insight's work will enhance existing capabilities by mapping RF environments across various frequencies, including LTE and 5G. Tony Frazier, Maxar's EVP, expressed enthusiasm for demonstrating RF data's value for U.S. missions. The integration of RF with satellite imagery and analytics aims to bolster commercial and governmental applications. The company continues to position itself at the forefront of geospatial intelligence solutions.
Maxar Technologies (NYSE:MAXR) announced the successful launch of Intelsat 40e aboard a SpaceX Falcon 9 rocket from Cape Canaveral, Florida. This satellite began its deployment and is expected to commence its journey to geostationary orbit. Intelsat 40e carries NASA’s Tropospheric Emissions: Monitoring of Pollution (TEMPO) instrument, with commissioning activities starting in late May or early June. The satellite enhances communications capabilities for Intelsat customers across North America and supports the growing demand for connectivity in various sectors, including commercial aviation. This launch adds to Maxar's ongoing partnership with Intelsat, following the successful deployment of Galaxy 35 and 36 satellites last year.
Maxar Technologies (NYSE:MAXR) announced a quarterly dividend of $0.01 per share, set to be paid on March 31, 2023, to shareholders recorded by March 15, 2023. The company specializes in space solutions and geospatial intelligence, providing critical services to government and commercial sectors. Maxar emphasizes its commitment to delivering value through innovative technology and maintains a workforce of over 4,600 across more than 20 locations globally.
Maxar Technologies (NYSE:MAXR) announced its award of Phase 3b of the U.S. Army's One World Terrain (OWT) contract, enhancing 3D global terrain capabilities. This program, part of the Synthetic Training Environment, supports military training and mission execution through realistic geospatial datasets. In 2022, Maxar focused on refining terrain dataset fidelity; in Phase 3b, efforts will include better integration with open-source geospatial data and unmanned aerial collections. The OWT initiative is managed by the Army Futures Command, underlining its significance for military operations.
Maxar Technologies (NYSE:MAXR) has launched SYNTH3D, a high-performance, geotypical 3D representation of the Earth, designed for gaming, simulation, entertainment, VR, smart cities, and the metaverse. Developed in collaboration with blackshark.ai, SYNTH3D leverages Maxar's Vivid imagery basemap to create detailed 3D models of over 1.4 billion buildings worldwide. The product promises to revolutionize how developers visualize and interact with virtual environments. Maxar will showcase SYNTH3D at the Mobile World Congress in Barcelona from February 27 to March 3, 2023.
