17 janvier 2020 | Local, Aérospatial

Maxar selling MDA to NPC

Maxar announced it signed a definitive agreement to sell its Canadian business, MDA, to Northern Private Capital (NPC). You can read the details in our press release.

I would like to assure you that MDA is committed to continuously delivering the high-quality of service that our customers expect. Maxar and MDA will continue normal operations through the expected close of the transaction, which we believe will happen within 12 months, after the standard U.S. and Canadian regulatory approval.

After the close, the MDA team will operate as a private, stand-alone company within NPC's portfolio, retaining its name and standing as the leading space and defence company in Canada. MDA will remain an important business partner and supplier to Maxar, and Maxar will be MDA's largest customer. Additionally, the companies will continue to sell each other's complementary satellite data.

NPC is a Toronto-based investment firm led by John Risley and Andrew Lapham. It has created a Canadian investment fund to finance this transaction. NPC views Canada's renewed commitment to utilizing space for its civil and defence needs as a strong opportunity to bring MDA home to Canada. MDA will remain dedicated to its work for the Canadian government and as a merchant supplier to the international community.

Maxar's leadership team and Board of Directors believe this transaction best positions Maxar for growth in the future. Once closed, it will enable Maxar to reduce its debt load and focus on substantial growth opportunities in its core markets of Earth Intelligence and Space Infrastructure. And likewise, MDA will be able to focus on capturing large, Canadian programs in the future, in addition to addressing commercial and export markets.

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    ROBERT FIFEOTTAWA BUREAU CHIEF STEVEN CHASESENIOR PARLIAMENTARY REPORTER OTTAWA PUBLISHED SEPTEMBER 17, 2021 The Canadian government was surprised this week by the announcement of a new security pact between the United States, Britain and Australia, one that excluded Canada and is aimed at confronting China's growing military and political influence in the Indo-Pacific region, according to senior government officials. Three officials, representing Canada's foreign affairs, intelligence and defence departments, told The Globe and Mail that Ottawa was not consulted about the pact, and had no idea the trilateral security announcement was coming until it was made on Wednesday by U.S. President Joe Biden, British Prime Minister Boris Johnson and Australian Prime Minister Scott Morrison. The defence ministers from the U.K. and Australia reached out to Defence Minister Harjit Sajjan to inform him of the decision shortly before the late-afternoon announcement. 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