Maxar Technologies Reports 2019 Year End Results
Summary
Jablonsky continued, “The year ended with a flurry of activity, including a sale leaseback of a facility in Palo Alto, California, the refinancing of our nearer-term debt maturities, and the announced divestiture of MDA, our Canadian subsidiary. Combined, these actions and business development successes better position the Company for sustainable growth going forward.” “Full year results were largely consistent with expectations,” stated Biggs Porter, Chief Financial Officer. We expect to use the net proceeds to repay debt and improve our capital structure to prioritize investments for growth in our core areas of Earth Intelligence and Space Infrastructure. Certain items affecting comparability include restructuring, impairments, satellite insurance recovery, gain on sale of assets, CEO severance and transaction and integration related expense. The Company disclaims any intention or obligation to update or revise any forward-looking statements in this presentation as a result of new information or future events, except as may be required under applicable securities legislation.
Classifications
AskAI Classifications
LabelsLinked Companies
