Maxar reorganizes segments

By Marjorie Censer / March 3, 2020 at 1:56 PM

Last year, Maxar Technologies reorganized as part of a plan "to integrate, stabilize, and position Maxar for future growth," the company said this week.

"[W]e streamlined our operating structure to reflect a more efficient model and integrated our existing business units so that they are more aligned and collaborative," Maxar said, noting that it arranged the business into three reportable segments: earth intelligence, space infrastructure and MDA.

Maxar has already announced it is selling MDA. It said today the deal is slated to close in the spring or early summer.

"The Earth Intelligence segment includes the financial results of the legacy Imagery and Services segments, excluding the legacy Canadian radar imagery business," Maxar said. "The Space Infrastructure segment includes the financial results of our legacy Space Solutions business (previously referred to as Space Systems/Loral LLC or SSL), which was included within our legacy Space Systems segment."

Meanwhile, Maxar said today sales in 2019 totaled $1.7 billion, down about 8% from 2018. However, the company posted 2019 profit of $109 million, up from a nearly $1.3 billion loss in 2018.