Report: Maxar’s Space Tech Business Draws Interest From Leonardo, Thales


Jeff Brody

European conglomerates Leonardo and Thales are considering a joint bid to buy MDA, a Maxar Technologies (NYSE: MAXR) subsidiary that develops technology for space and terrestrial applications, Reuters reported Tuesday.

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MDA has continued to operate as an independent business unit after Maxar unified the operations of its three other businesses — DigitalGlobe, Radiant Solutions and SSL — earlier this year through a reorganization initiative.

Leonardo CEO Alessandro Profumo cited satellite antenna as a technology area of interest in MDA during a phone interview, the report noted.

Reuters estimated the value of the business could exceed $1B in a sale transaction.

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