Maxar could sell space robotics business
WESTMINSTER — Maxar Technologies Inc. (NYSE: MAXR), a Westminster-headquartered satellite imagery firm, is considering selling off its space robotics business unit, according to a Friday report from Reuters.
The report cites “people familiar with the matter” as the source of the information about the potential sale, which could be worth as much as $1 billion.
Selling the robotics unit would provide Maxar a much-needed cash influx. The company’s debt is roughly $3.2 billion.
Maxar reported a $59 million loss for the first quarter of fiscal year 2019 after posting a…
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