Maxar Streamlines Operating Structure Through Reorganization; Dan Jablonsky Quoted

Jeff Brody
Dan Jablonsky

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.

You may also be interested in...

William Conley CTO Mercury Systems

Mercury Systems’ William Conley Joins NDIA Central Georgia Chapter Board

William Conley, chief technology officer of Mercury Systems (Nasdaq: MRCY), has been named to the board of directors for the National Defense Industrial Association's Central Georgia chapter. He will serve as a board member for a term of up to six years, Mercury Systems said Thursday.

Cloud IT

DHS Posts $3B Data Center, Cloud Solicitation

The Department of Homeland Security has issued a request for proposals for its indefinite-delivery/indefinite-quantity Data Center and Cloud Optimization contract worth potentially $3.35B over 10 years.