Maxar Technologies (NYSE: MAXR) reorganized its business into three segments – space infrastructure, Earth intelligence and MDA – in 2019 in an effort to streamline its operating structure and position the company for future growth, Inside Defense reported Tuesday.
Westminster, Colo.-based Maxar announced in late December that a consortium led by Toronto-based private investment firm Northern Private Capital agreed to buy its MDA subsidiary for approximately $765M. Maxar said it expects the transaction to be finalized in the spring or early summer of 2020.
Dan Jablonsky, president and CEO of Maxar, said in a statement published Monday the company secured several contracts in 2019, including the Power Propulsion Element with NASA, the Global Enhanced GEOINT Delivery contract with the U.S. government and two GEO Comsats with commercial clients.
Maxar reported a net income of $109M and $1.66B in total revenues from continuing operations for the year ended Dec. 31. The company had a total order backlog of $1.6B and posted $1.38 in diluted income per share from continuing operations.