Maxar Technologies (NYSE:MAXR) (TSX:MAXR), announced it has entered into a definitive agreement to sell MDA to a consortium of financial sponsors led by Northern Private Capital (NPC), for CAD$1 billion (US$765 million), subject to customary adjustments. The company expects to use proceeds to reduce leverage and improve its capital structure to prioritize investments for growth in its core areas of Earth Intelligence and Space Infrastructure.
Americas Markets - Latest Developments
Trying to choose the most significant stories of the year, is always a challenge! Is x more important than y and does z really have an impact? Inevitably, the choice of topics to include will always be subjective. So, here’s my short list.
Spacex' Falcon 9 rocket successfully launched JCSAT-18/Kacific1 satellite from Cape Canaveral, Florida at about 7:10 p.m. It will enter service several weeks after on-orbit tests and moving to its final geostationary orbit position over the Asia-Pacific region.
Hughes Network Systems and Al Yah Satellite Communications Company (Yahsat), a satellite operator based in the United Arab Emirates and wholly owned by Mubadala Investment Company, today announced the commencement of a joint venture to provide satellite broadband services in Brazil. Now operational under the established Hughes do Brasil name, the new venture combines Hughes decades of experience delivering satellite networks and services in Brazil with Yahsat’s strong position and capabilities in the region.
ViacomCBS Inc. (Nasdaq: VIACA, VIAC) (“ViacomCBS”) today announced the completion of the merger between CBS Corporation and Viacom Inc. The combined company, which is renamed ViacomCBS, creates a premium content powerhouse with global scale, including leading positions in markets across the U.S., Europe, Latin America and Asia.
Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the first fiscal quarter ended October 31, 2019 and updated its fiscal 2020 guidance. Net sales for the first quarter of fiscal 2020 were US$ 170.3 million as compared to the US$ 160.8 million achieved during the first quarter of fiscal 2019, representing an increase of $9.5 million, or 5.9%.
Fiscal 2020 First Quarter Highlights
Small satellite manufacturer and mission services provider Blue Canyon Technologies (BCT) has purchased leading RF antenna manufacturer, Antenna Development Corporation (AntDevCo).
For its fourth and final mission of the year, Ariane 5 placed two communications satellites in geostationary transfer orbit (GTO), lifting off from the European spaceport in Kourou (French Guiana) the Egyptian satellite TIBA-1 and Inmarsat GX5. It was launch No.
Comtech Telecommunications Corp. (Nasdaq: CMTL) announced today that it has entered into an agreement to acquire UHP Networks Inc. a leading provider of innovative and disruptive satellite ground station technology solutions, for a purchase price of approximately US$ 40.0 million. Founded in 2005, UHP is based in Canada and has developed revolutionary technology that is transforming the Very Small Apert ure Terminal (VSAT) market.
The 38th ITU World Radiocommunication Conference (WRC-19) has adopted a new innovative milestone-based regulatory approach for the deployment of non-geostationary satellite orbit (NGSO) satellites in specific bands and services.