Maxar Technologies (MAXR) is an interesting special situation investment. The company is reportedly exploring the sale of its MacDonald, Dettwiler and Associates ((MDA)) unit, which is spinning off around $100M in EBITDA and enjoys significant, long-term government contracts in Canada for various defense-related applications. Readers are referred to my first MAXR article outlining more of the background.
To note, MDA is a critical piece of Canada’s aerospace and defense sector. It manages Canada’s RADARSAT constellation mission satellites which helps Canada surveil its vast landmass. MDA is well-known for the Canadarm and Dextre robotic