Maxar Technologies could be selling its MDA robotics unit, and that the satellite builder could earn more than $1 billion from the disposal, according to Reuters.

A Maxar spokesperson declined to add any additional information.

The MDA division, perhaps better known under its original name of MacDonald, Dettwiler & Associates, is Maxar’s space robotics business and responsible for the famous ‘Canadarm’ which was vital in the construction of the International Space Station, and seen in countless photos when used in one of NASA’s Space Shuttles.

Maxar is now HQ’d in Colorado and has other divisions including the DigitalGlobe geo-satellite imaging and photography unit which lost its (Lockheed Martin-built) WorldView-4 satellite in January due to a failed gyroscope after launch. It claimed $183 million in insurance.

Another major subsidiary is Space Systems/Loral, based in California.

Other posts by :

1. Musk updates on Ship 26 explosion
2. Market reacts to fresh Eutelsat capital
3. France, Germany resists ESA plan for high-res satellites
4. Stream, stream, stream
5. Who wants EchoStar’s spectrum?
6. AST SpaceMobile confirms Ligado payment
7. Bank ups Rocket Lab value
8. Eutelsat “racing” to find extra cash
9. Starlink causes problems for United Airlines

Categories: Articles, Business, M&A