SAN FRANCISCO--(BUSINESS WIRE)--SpaceNews announced that it has awarded Maxar Technologies ("Maxar" or the "Company," formerly MacDonald, Dettwiler and Associates Ltd., or MDA) (NYSE and TSX:MAXR) the publication’s “Deal of the Year” award for its $2.4 billion acquisition of DigitalGlobe.
The companies finalized the transaction to combine on October 5, 2017, creating the leading commercial provider of end-to-end satellite, imagery and geospatial solutions. Maxar is comprised of four business units with deep domain expertise and proven heritage in serving government and commercial customers – MDA, DigitalGlobe, SSL and Radiant Solutions. The combined company is broadly diversified, has over $3 billion of annual revenue, with more than half coming from commercial customers, and is scaled to serve rapidly growing existing and new markets globally.
“We’re proud to be recognized by this esteemed industry publication,” said Howard L. Lance, CEO of Maxar. “The award captures the transformative nature of the transaction, whereby Maxar Technologies will accelerate innovation in the new space economy with unmatched heritage, capabilities, resources and scale. As a new space company with 50 years of heritage, we can anticipate and address our customers’ most difficult challenges with confidence.”
SpaceNews evaluated dozens of transactions, from major sales and capital financings to mergers and acquisitions, to determine the most important deal of the year across the space industry.
“Maxar’s acquisition of DigitalGlobe was this year’s biggest space deal, both in terms of the dollars involved and its potential to be a transformative, more-than-the-sum-of-its-parts combination,” said SpaceNews Editor-in-Chief Brian Berger.
Maxar was profiled in SpaceNews, and Marcy Steinke, Maxar SVP of Government Relations and Public Policy, accepted the award on behalf of the company at a December 19 awards luncheon.
Maxar Technologies (formerly MacDonald, Dettwiler and Associates) is a leading global provider of advanced space technology solutions for commercial and government markets including satellites, Earth imagery, geospatial data and analytics. As a trusted partner, Maxar Technologies provides unmatched end-to-end advanced systems capabilities and integrated solutions expertise to help our customers anticipate and address their most complex mission critical challenges with confidence. With more than 6,500 employees in over 20 locations, the Maxar Technologies portfolio of commercial space brands includes: SSL, MDA, DigitalGlobe and Radiant Solutions. Every day millions of people rely on Maxar Technologies to communicate, share information and data, and deliver insights that empower a better world. Maxar trades on the Toronto Stock Exchange and New York Stock Exchange as MAXR. For more information visit www.maxar.com.