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Maxar Technologies Inc (MAXR.TO)

MAXR.TO on Toronto Stock Exchange

6.46CAD
18 Apr 2019
Change (% chg)

$-0.16 (-2.42%)
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Volume
312,987
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Latest Key Developments (Source: Significant Developments)

Maxar Technologies Reports 2018 Year End Results
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Maxar Technologies Inc ::MAXAR TECHNOLOGIES REPORTS 2018 YEAR END RESULTS.Q4 REVENUE $496 MILLION VERSUS $545 MILLION.ANNOUNCES ORGANIZATIONAL RESTRUCTURING TO DRIVE SAVINGS AND REDUCE COST STRUCTURE.ANNOUNCES ORGANIZATIONAL RESTRUCTURING TO DRIVE SAVINGS AND REDUCE COST STRUCTURE.CONCLUDES REVIEW OF STRATEGIC OPTIONS FOR GEO COMSAT BUSINESS.QUARTERLY DIVIDEND REDUCED TO $0.01.TOTAL FUNDED ORDER BACKLOG OF $2.4 BILLION AS AT DECEMBER 31, 2018 COMPARED TO $3.3 BILLION AS AT DECEMBER 31, 2017..BOOKINGS IN 2018 HAVE BEEN NEGATIVELY IMPACTED BY MARKET OUTLOOK FOR GEO COMSAT BUSINESS INSIDE COMPANY'S SPACE SYSTEMS SEGMENT.UNFUNDED BACKLOG ENDED 2018 AT $1 BILLION VERSUS. $119 MILLION IN 2017.ANNUAL COST SAVINGS FROM RESTRUCTURING OF $60-$70 MILLION.ENHANCEDVIEW CONTRACT EXTENDED TO AUGUST 31, 2023.CONCLUDED THAT GEO COMSAT BUSINESS WILL GENERATE MORE VALUE AS PART OF MAXAR COMPARED TO ALTERNATIVES THAT WERE EVALUATED.QTRLY NET LOSS PER SHARE, DILUTED $16.10.RECOGNIZED A NET $883 MILLION IN IMPAIRMENT AND OTHER CHARGES DURING QUARTER.Q4 REVENUE DECREASE WAS PRIMARILY DRIVEN BY A DECLINE IN SPACE SYSTEMS SEGMENT, IN PART OFFSET BY GROWTH IN IMAGERY AND SERVICES.  Full Article

Maxar Technologies advances path to U.S. domestication
Friday, 7 Dec 2018 

Dec 7 (Reuters) - Maxar Technologies Ltd ::MAXAR TECHNOLOGIES ADVANCES PATH TO U.S. DOMESTICATION.MAXAR TECHNOLOGIES - SUPREME COURT OF BRITISH COLUMBIA GRANTED APPROVAL FOR CERTAIN AMENDMENTS MADE TO COMPANY'S PLAN OF ARRANGEMENT.  Full Article

Maxar Technologies Ltd - Signed a 3-year extension of its existing enhancedview SLA with U.S. National Reconnaissance Office
Tuesday, 6 Nov 2018 

Nov 6 (Reuters) - Maxar Technologies Ltd ::MAXAR TECHNOLOGIES LTD - SIGNED A 3-YEAR EXTENSION OF ITS EXISTING ENHANCEDVIEW SLA WITH U.S. NATIONAL RECONNAISSANCE OFFICE.MAXAR TECHNOLOGIES LTD - PROVIDES FOR 5-YEARS CONTINUITY OF SERVICE WITH POTENTIAL ADDITIONAL CONTRACT VALUE OF $900 MILLION.MAXAR TECHNOLOGIES LTD - AGREEMENT ADDS THREE OPTION YEARS TO CURRENT CONTRACT UNDER SAME TERMS AND VALUE OF $300 MILLION PER YEAR.MAXAR TECHNOLOGIES - UNIT FINALIZED SEPARATE CONTRACT TO FURTHER INTEGRATE IMAGERY PRODUCTION, DISTRIBUTION, OPERATIONS WITH U.S. GOVERNMENT SYSTEMS.MAXAR TECHNOLOGIES - DIGITALGLOBE AWARDED IMAGERY CONTRACT EXTENSION WITH U.S. GOVERNMENT.  Full Article

Maxar Technologies Responds To Shareholders After Short-Seller Campaign
Friday, 24 Aug 2018 

Aug 24 (Reuters) - Maxar Technologies Ltd ::MAXAR TECHNOLOGIES - RESPONSE TO SHAREHOLDERS AFTER SHORT-SELLER CAMPAIGN BY HEDGE FUND.MAXAR TECHNOLOGIES LTD - HAS AMPLE LIQUIDITY TO SUPPORT OPERATIONS.MAXAR TECHNOLOGIES LTD -ON TARGET TO ACHIEVE $25 MILLION IN COST SYNERGIES IN 2018.MAXAR TECHNOLOGIES LTD -REMAINS CONFIDENT IN ITS RUN RATE TARGET OF $60 TO $120 MILLION IN REVENUE AND COST SYNERGIES BY END OF 2019.MAXAR - REVIEW BY AUDIT COMMITTEE OF FINANCIAL STATEMENTS UNDER IFRS FOUND NO MATERIAL ERRORS RELATED TO SPRUCE POINT CLAIMS.MAXAR - IN RESPONSE TO ACCOUNTING CLAIMS MADE IN SPRUCE POINT REPORT, AUDIT COMMITTEE UNDERTOOK REVIEW OF FINANCIAL STATEMENTS.MAXAR TECHNOLOGIES LTD - CAPEX ARE EXPECTED TO BE REDUCED SIGNIFICANTLY IN 2021 TO 2023 TIMEFRAME.MAXAR TECHNOLOGIES - EXPLORING STRATEGIC ALTERNATIVES REGARDING FUTURE OF GEO COMMUNICATIONS SATELLITE LINE OF BUSINESS.MAXAR - ALTERNATIVES UNDER CONSIDERATION INCLUDE PARTNERING WITH ANOTHER SATELLITE MANUFACTURER, SALE OF GEO SATELLITE, EXIT OF IT ON SOME CONDITIONS.MAXAR-PALO ALTO FACILITIES "SIGNIFICANTLY OVER-SIZED"; "UNDER-ABSORBED OVERHEAD COSTS" OWED TO LOWER PROFITABILITY,NEGATIVE CASH FLOWS IN SPACE SYSTEMS.MAXAR TECHNOLOGIES LTD - MONETIZATION OF REAL ESTATE ASSETS IN PALO ALTO ESTIMATED TO BE $150 MILLION TO $200 MILLION.MAXAR TECHNOLOGIES - DECISION ON FUTURE STRATEGIC DIRECTION OF GEO COMMUNICATIONS SATELLITE BUSINESS EXPECTED BY END OF 2018.  Full Article

‍Maxar's DigitalGlobe Selects SpaceX To Launch Its Satellites​
Wednesday, 14 Mar 2018 

March 14 (Reuters) - Maxar Technologies Ltd ::‍MAXAR TECHNOLOGIES' DIGITALGLOBE SELECTS SPACEX TO LAUNCH ITS NEXT-GENERATION WORLDVIEW LEGION SATELLITES​.  Full Article

Maxar Technologies' William Mccombe Steps Down As CFO
Monday, 26 Feb 2018 

Feb 26 (Reuters) - Maxar Technologies Ltd ::MAXAR TECHNOLOGIES ANNOUNCES WILLIAM MCCOMBE IS STEPPING DOWN AS CFO, ANIL WIRASEKARA APPOINTED INTERIM CFO.MAXAR TECHNOLOGIES LTD - ‍MCCOMBE WILL SERVE AS AN ADVISOR TO CO FOR A TRANSITION PERIOD​.  Full Article

Maxar Technologies Qtrly Earnings Per Share $1.15
Thursday, 22 Feb 2018 

Feb 22 (Reuters) - Maxar Technologies Ltd ::QTRLY EARNINGS PER SHARE $1.15.QTRLY ADJUSTED EARNINGS PER SHARE $1.19.QTRLY CONSOLIDATED REVENUES $545.1 MILLION VERSUS $376.6 MILLION.Q4 EARNINGS PER SHARE VIEW C$1.46, REVENUE VIEW C$733.3 MILLION -- THOMSON REUTERS I/B/E/S.SEES REVENUE DECLINE OF 2% TO 4% IN 2018.SEES 2018 ADJUSTED EPS OF $4.50 TO $4.70.  Full Article

Maxar Technologies Says ‍MDA Signs Contract Of About CA$8 Mln With Canada's DND
Wednesday, 14 Feb 2018 

Feb 13 (Reuters) - Maxar Technologies Ltd ::MAXAR TECHNOLOGIES - ‍MDA SIGNED CONTRACT OF ABOUT CA$8 MILLION WITH CANADA'S DND TO PROVIDE MARITIME MINIATURE UNMANNED AIRCRAFT SYSTEMS​.  Full Article

MDA To Provide Maritime Command And Control Solution To NATO
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Maxar Technologies Ltd ::MDA TO PROVIDE MARITIME COMMAND AND CONTROL SOLUTION TO NATO.MAXAR TECHNOLOGIES LTD - UNIT ‍ MDA SIGNED A CONTRACT VALUED AT APPROXIMATELY CA$15 MILLION WITH NATO COMMUNICATIONS AND INFORMATION AGENCY​.  Full Article

Maxar Technologies Says Unit Signed 4 Contracts With Canadian Space Agency
Friday, 15 Dec 2017 

Dec 15 (Reuters) - Maxar Technologies Ltd ::MAXAR TECHNOLOGIES LTD - UNIT SIGNED 4 CONTRACTS WITH CANADIAN SPACE AGENCY WITH A TOTAL VALUE AT ABOUT C$53.75 MILLION.  Full Article

CANADA STOCKS - TSX rises 0.40 percent; caps off best week since Feb

NEW YORK, Dec 28 * The Toronto Stock Exchange's S&P/TSX rose 56.79 points, or 0.40 percent, to 14,222.00 to cap off a weekly gain of more than 2 percent, the best weekly performance since February. * Leading the index were Maxar Technologies Ltd, up 15.2 percent, Birchcliff Energy Ltd, up 12.9 percent, and Aphria Inc, which rose 12.6 percent after it said a C$2.8 billion ($2.06 billion) all-stock hostile bid by Green Growth Brands Ltd's "significantly" undervalued the company. * Lagg