The new president of Canadian space technology company MDA says he sees opportunities for growth both within the country and beyond, while maintaining the company’s Canadian roots as part of a larger, and increasingly American, company.
MDA’s $2.4 billion merger with DigitalGlobe is the biggest space acquisition to close so far this year. But MDA Corp. CEO Howard Lance sees the merger as the combination of four companies, not two.
MacDonald Dettwiler and Associates completed its $2.4 billion purchase of DigitalGlobe Oct. 5, and will rebrand the combined company as Maxar Technologies.
MDA Corp. and DigitalGlobe expect to complete their $2.4 billion merger late next week, the companies said Sept. 28.
Satellite manufacturer and hardware provider MDA Corp. and Earth-observation company DigitalGlobe have re-submitted paperwork to the Committee on Foreign Investment in the United States (CFIUS) after cancelling the original version.
It also announced a first customer for that satellite servicing system, with satellite operator SES entering into an agreement for an initial life extension mission with options for future missions.
DigitalGlobe announced plans June 5 to augment its cloud-based geospatial big data platform, GBDX, with Synthetic Aperture Radar (SAR) data from Radarsat-2, a satellite launched in 2007 by the Canadian Space Agency and MacDonald Dettwiler and Associates, the firm that announced plans in February to acquire DigitalGlobe.
The value of any deal could be $2-3 billion, based on DigitalGlobe's market cap of $1.8 billion.
Canadian satellite builder and geospatial-services provider MDA Corp. on Nov. 1 pulled back from earlier optimistic assessments of the global commercial telecommunications satellite business, saying strong customer interest in new satellites was not translating into contracts.