Maxar Shareholders OK US Incorporation; Howard Lance Quoted

Howard Lance

Shareholders at Maxar Technologies (NYSE: MAXR) cleared the company’s plan for U.S. domestication at a special meeting held Friday in Westminster, Colo.

The company said Friday holders of approximately 76 percent of outstanding and issued shares in Maxar voted in the meeting with 99.8 percent approving the firm’s U.S. incorporation.

“U.S. domestication fulfills a commitment made as part of the acquisition of DigitalGlobe in October 2017 and marks a major milestone in our strategic objectives to gain a stronger presence in the U.S. space and defense markets and enhance our ability to support classified applications for U.S. government agencies,” said Howard Lance, Maxar president and CEO.

Maxar expects to complete the process by Jan. 1, subject to court approvals and other customary closing conditions.

The company will continue to trade on the New York Stock Exchange and Toronto Stock Exchange as well as shift to U.S. securities filings and GAAP accounting standards once the domestication takes effect.

Check Also

Vigor

Vigor Industrial Subsidiary to Modernize Navy Destroyer Ship Under Potential $156M Contract

Vigor Industrial's marine subsidiary has secured a potential $155.6M firm-fixed-price contract to help the U.S. Navy modernize and maintain the USS McCampbell guided missile destroyer. The company will update the ship's mechanical and electrical systems, hull and communications, digital video surveillance and warfighting equipment as part of a depot maintenance availability, the Department of Defense said Monday.

Parsons

Parsons Gets $178M Intell Community Security Analysis IDIQ; Robert Miller Quoted

Parsons (NYSE: PSN) has secured a potential five-year, $178M contract to help the U.S. intelligence community analyze measures for securing physical and technical assets.