DOCSLIB.ORG

Logan Durant, Et Al. V. Maxar Technologies Inc., Et Al. 19-CV-00124-Class Action Complaint for Violation of the Federal Securiti

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Logan Durant, Et Al. V. Maxar Technologies Inc., Et Al. 19-CV-00124-Class Action Complaint for Violation of the Federal Securiti Case 1:19-cv-00124-SKC Document 1 Filed 01/14/19 USDC Colorado Page 1 of 23 UNITED STATES DISTRICT COURT DISTRICT OF COLORADO Civil Action No. LOGAN DURANT, Individually and On Behalf of All Others Similarly Situated, Plaintiff, v. JURY TRIAL DEMANDED MAXAR TECHNOLOGIES INC., HOWARD L. LANCE, BIGGS PORTER, and MICHAEL B. WIRASEKARA, JR., Defendants. ______________________________________________________________________________ CLASS ACTION COMPLAINT FOR VIOLATION OF THE FEDERAL SECURITIES LAWS ______________________________________________________________________________ Plaintiff Logan Durant (“Plaintiff”), individually and on behalf of all other persons similarly situated, by Plaintiff’s undersigned attorneys, for Plaintiff’s complaint against Defendants, alleges the following based upon personal knowledge as to Plaintiff and Plaintiff’s own acts, and information and belief as to all other matters, based upon, inter alia, the investigation conducted by and through Plaintiff’s attorneys, which included, among other things, a review of the Defendants’ public documents, conference calls and announcements made by Defendants, United States Securities and Exchange Commission (“SEC”) filings, wire and press releases published by and regarding Maxar Technologies Inc. (“Maxar” or the “Company”), analysts’ reports and advisories about the Company, and information readily obtainable on the Internet. Plaintiff believes that substantial evidentiary support will exist for the allegations set forth herein 1 Case 1:19-cv-00124-SKC Document 1 Filed 01/14/19 USDC Colorado Page 2 of 23 after a reasonable opportunity for discovery. NATURE OF THE ACTION 1. This is a federal securities class action on behalf of a class consisting of all persons other than Defendants who purchased or otherwise acquired Maxar securities between March 29, 2018 through January 7, 2019, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials. 2. Maxar is a leading global provider of advanced space technology solutions for commercial and government markets including satellites, Earth imagery, geospatial data and analytics, at the nexus of the new space economy, developing and sustaining its infrastructure and delivering the products, services, systems and solutions. 3. Maxar was founded in 1969 and is based in Westminster, Colorado. Prior to 2017, Maxar was doing business under the name MacDonald, Dettwiler and Associates Ltd. (“MacDonald”), and the Company’s common shares traded on the Toronto Stock Exchange (“TSX”) under the ticker symbol “MDA.” During the second quarter of 2017, the Company successfully registered its common shares with the SEC and Maxar began trading as a dual-listed company on both the TSX and the New York Stock Exchange (the “NYSE”) under the symbol “MAXR”. 4. On October 5, 2017, MacDonald purchased DigitalGlobe, Inc. (“DigitalGlobe”), an American commercial vendor of space imagery and geospatial content. MacDonald purchased DigitalGlobe for $2.4 billion dollars and then rebranded itself as “Maxar Technologies Ltd.” As part of the purchase, the Company acquired DigitalGlobe’s satellites, called the “WorldView Legion”, including the WorldView-4 satellite (“WorldView-4”). 2 Case 1:19-cv-00124-SKC Document 1 Filed 01/14/19 USDC Colorado Page 3 of 23 5. WorldView-4 was acquired by GeoEye Inc. prior to its merger with DigitalGlobe in 2013. WorldView-4 was launched in November 2016 and generated revenues of approximately $85 million in fiscal year 2018. The satellite had a net book value of approximately $155 million, including related assets, as of December 31, 2018. 6. WorldView-4 is equipped with control moment gyros (“CMGs”), which are attitude control devices generally used in spacecraft attitude control systems.1 A CMG consists of a spinning rotor and one or more motorized gimbals that tilt the rotor’s angular momentum. As the rotor tilts, the changing angular momentum causes a gyroscopic torque that rotates the spacecraft. 7. On January 2, 2019, Maxar filed a Current Report on Form 8-K with the SEC (the “January 2 Form 8-K”). The January 2 Form 8-K announced that on January 1, 2019, Maxar Technologies Inc., a Delaware corporation (“Maxar U.S.”), became the ultimate parent company of Maxar Technologies Ltd., which existed under the laws of the Province of British Columbia (“Maxar Canada”). 8. Throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Maxar improperly inflated the value of its intangible assets, among other accounting improprieties; (ii) Maxar’s highly-valued WorldView-4 was equipped with CMGs that were faulty and/or ill-suited for their designed and intended purpose; and (iii) as a result, Maxar’s public statements were materially false and misleading at all relevant times. 1 “Attitude control” refers to control over a satellite’s orientation. 3 Case 1:19-cv-00124-SKC Document 1 Filed 01/14/19 USDC Colorado Page 4 of 23 9. On August 7, 2018, Spruce Point Capital Management (“Spruce Point”) published a research report regarding Maxar. The Spruce Point report alleged, in part, that Maxar “has pulled one of the most aggressive accounting schemes Spruce Point has ever seen to inflate Non-IFRS earnings by 79%”. Specifically, the report asserted that Maxar had used its acquisition of DigitalGlobe “to inflate [its] intangible assets” and had “amended its post-retirement benefit plan to book one-time gains” in a manner that “was not fully disclosed across its investor communications.” 10. Following publication of the Spruce Point report, Maxar’s stock price fell $5.97 per share, or 13.44%, to close at $38.44 on August 7, 2018. 11. Then, on January 7, 2019, Maxar disclosed that WorldView-4 experienced a failure in its CMGs, preventing the satellite from collecting imagery due to the loss of an axis of stability. It was further disclosed that WorldView-4 will likely not be recoverable and will no longer produce usable imagery. 12. Following this announcement, the Company’s stock price fell $5.69 per share, or 48.5%, over the following two trading sessions, to close at $6.03 per share on January 8, 2019. 13. As a result of Defendants’ wrongful acts and omissions, and the precipitous decline in the market value of the Company’s securities, Plaintiff and other Class members have suffered significant losses and damages. JURISDICTION AND VENUE 14. The claims asserted herein arise under and pursuant to §§10(b) and 20(a) of the Exchange Act (15 U.S.C. §§78j(b) and 78t(a)) and Rule 10b-5 promulgated thereunder by the SEC (17 C.F.R. §240.10b-5). 4 Case 1:19-cv-00124-SKC Document 1 Filed 01/14/19 USDC Colorado Page 5 of 23 15. This Court has jurisdiction over the subject matter of this action pursuant to 28 U.S.C. §§ 1331 and Section 27 of the Exchange Act. 16. Venue is proper in this Judicial District pursuant to §27 of the Exchange Act (15 U.S.C. §78aa) and 28 U.S.C. §1391(b) as Maxar’s principal executive offices are located within this Judicial District. 17. In connection with the acts, conduct and other wrongs alleged in this Complaint, Defendants, directly or indirectly, used the means and instrumentalities of interstate commerce, including but not limited to, the United States mail, interstate telephone communications and the facilities of the national securities exchange. PARTIES 18. Plaintiff, as set forth in the attached Certification, acquired Maxar’s securities at artificially inflated prices during the Class Period and was damaged upon the revelation of the alleged corrective disclosures. 19. Defendant Maxar is a Delaware corporation with principal executive offices located at 1300 W. 120th Avenue, Westminster, Colorado 80234. Maxar’s common shares are dual-listed on the TSX and the NYSE under the symbol “MAXR”. 20. Defendant Howard L. Lance (“Lance”) has served at all relevant times as the Company’s President and Chief Executive Officer. Lance is also Chairman of the Company. 21. Defendant Biggs Porter (“Porter”) has served as an Executive Vice President and the Chief Financial Officer (“CFO”) of the Company since August 15, 2018. 22. Defendant Anil Wirasekara, Jr. (“Wirasekara”) served as the Company’s Interim CFO between February 2018 and August 15, 2018, and currently serves as an Executive Vice President of the Company. 5 Case 1:19-cv-00124-SKC Document 1 Filed 01/14/19 USDC Colorado Page 6 of 23 23. The Defendants referenced above in ¶¶ 20-22 are sometimes referred to herein as the “Individual Defendants.” 24. The Individual Defendants possessed the power and authority to control the contents of Maxar’ SEC filings, press releases, and other market communications. The Individual Defendants were provided with copies of the Company’s SEC filings and press releases alleged herein to be misleading prior to or shortly after their issuance and had the ability and opportunity to prevent their issuance or to cause them to be corrected. Because of their positions with the Company, and their access to material information available to them but not to the public, the Individual Defendants knew that the adverse facts specified herein had not been disclosed to and were being concealed from the public, and that the positive representations being made were then materially false and misleading. The Individual Defendants are liable for the false statements and omissions pleaded herein. SUBSTANTIVE ALLEGATIONS Background 25. Maxar is a leading global provider of advanced space technology solutions for commercial and government markets including satellites, Earth imagery, geospatial data and analytics, is at the nexus of the new space economy, developing and sustaining its infrastructure and delivering the products, services, systems and solutions that make it possible.
Load more

Recommended publications
  • Evaluation of Stereoscopic Geoeye-1 Satellite Imagery to Assess Landscape and Stand Level Characteristics
    EVALUATION OF STEREOSCOPIC GEOEYE-1 SATELLITE IMAGERY TO ASSESS LANDSCAPE AND STAND LEVEL CHARACTERISTICS K. Kliparchuk, M.Sc, GISP a, Dr. D. Collins, P.Geo. b a Hatfield Consultants Partnership, 200-850 Harbourside Drive, North Vancouver, BC, V7P0A3 Canada – [email protected] b BC Ministry of Forests and Range, Coast Forest Region, 2100 Labieux Road, Nanaimo, BC, V9T6E9, Canada - [email protected] Commission I, WG I/3 KEY WORDS: Remote sensing, GeoEye-1, effectiveness evaluation, forest resource management, stereo, photogrammetry ABSTRACT: An ongoing remote sensing project has been underway within the Coast Forest Region since 2000. The initial parts of the project investigated the application of commercially available high-resolution satellite imagery to resource feature mapping and compliance and enforcement surveillance. In the current project, stereo imagery from the new GeoEye-1 satellite was acquired. This system provides 0.5m panchromatic and 1.65m colour imagery, which is approximately a four time increase in spatial resolution compared to IKONOS imagery. Stereo imagery at this resolution enables the delineation of single trees, coarse woody debris measurement and the generation of Digital Elevation Models and estimation of volumes of material displaced by landslides. Change detection and identification of high priority zones for Compliance & Enforcement investigation is greatly enhanced. Results of this research are presented and discussed. 1. INTRODUCTION 1.1 Introduction The initial focus of the project was to investigate the application of commercially available high-resolution satellite imagery to resource feature mapping and compliance and enforcement surveillance. A previous published study by the authors in 2008 extended the use of high resolution IKONOS imagery through Figure 1.
    [Show full text]
  • From Air, Sea, and Space, Geospatial Technology Is Helping Nations Monitor One of Their Biggest and Most Understated Threats: the Open Ocean
    » CARDILLO AND LONG Q&A » FUTURE GEOINT LEADERS » SMALLSAT WORKING GROUP 2014 ISSUE 4 THE OFFICIAL MAGAZINE OF THE UNITED STATES GEOSPATIAL INTELLIGENCE FOUNDATION WATCHING THE 2014 USGIF MEMBERSHIP DIRECTORY WATERFrom air, sea, and space, geospatial technology is helping nations monitor one of their biggest and most understated threats: the open ocean. © DLR e.V. 2014 and © Airbus 2014 DS/© DLR Infoterra e.V. GmbH 2014 WorldDEMTM Reaching New Heights The new standard of global elevation models with pole-to-pole coverage, unrivalled accuracy and unique quality to support your critical missions. www.geo-airbusds.com/worlddem CONTENTS 2014 ISSUE 4 The USS Antietam (CG 54), the USS O’Kane (DDG 77) and the USS John C. Stennis (CVN 74) steam through the Gulf of Oman. As part of the John C. Stennis Carrier Strike Group, these ships are on regularly scheduled deployments in support of Maritime Operations, set- ting the conditions for security and stability, as well as complementing counterterrorism and security efforts to regional nations. PHOTO COURTESY OF U.S. NAVAL FORCES CENTRAL COMMAND/U.S. 5TH FLEET 5TH COMMAND/U.S. CENTRAL FORCES NAVAL U.S. OF COURTESY PHOTO 02 | VANTAGE POINT Features 12 | ELEVATE Tackling the challenge of Fayetteville State University accelerating innovation. builds GEOINT curriculum. 16 | WATCHING THE WATER From air, sea, and space, geospatial technology 14 | COMMON GROUND 04 | LETTERS is helping nations monitor one of their biggest USGIF stands up SmallSat Trajectory readers offer Working Group. feedback on recent features and most understated threats: the open ocean. and the tablet app. By Matt Alderton 32 | MEMBERSHIP PULSE Ball Aerospace offers 06 | INTSIDER 22 | CONVEYING CONSEQUENCE capabilities for an integrated SkyTruth and the GEOINT enterprise.
    [Show full text]
  • Space Industry Paper 2008
    Spring 2008 Industry Study Final Report Space Industry The Industrial College of the Armed Forces National Defense University Fort McNair, Washington, D.C. 20319-5062 i SPACE 2008 The United States space industry delivers capabilities vital to America’s economy, national security, and everyday life. America remains preeminent in the global space industry, but budget constraints, restrictive export policies, and limited international dialogue are inhibiting the U.S. space industry’s competitiveness. To sustain America’s leadership among space-faring nations, the incoming administration should update and expand U.S. space policies and regulatory guidance, prioritize national space funding, and promote greater international cooperation in space. These steps will strengthen U.S. space industry. They will also enhance U.S. national security, spur technological innovation, stimulate the national economy, and increase international cooperation and goodwill. Mr. Stephen M. Bloor, Dept of Defense Mr. Robert A. Burnes, Dept of the Navy CAPT John B. Carroll, US Navy CDR Charles J. Cassidy, US Navy COL Welton Chase, Jr., US Army CDR R. Duke Heinz, US Navy Lt Col Lawrence M. Hoffman, US Air Force COL Daniel R. Kestle, US Army LtCol Brian R. Kough, US Marine Corps Col Michael J. Miller, US Air Force CDR Albert G. Mousseau, US Navy CDR Robert D. Sharp, US Navy Mr. Howard S. Stronach, Federal Emergency Management Agency CDR L. Doug Stuffle, US Navy Mr. William J. Walls, Dept of State CAPT Kelly J. Wild, US Navy Dr. Scott A. Loomer, National Geospatial-Intelligence
    [Show full text]
  • Maxar Technologies with Respect to Future Events, Financial Performance and Operational Capabilities
    Leading Innovation in the New Space Economy Howard L. Lance President and Chief Executive Officer Forward-Looking Statement This presentation contains forward-looking statements and information, which reflect the current view of Maxar Technologies with respect to future events, financial performance and operational capabilities. The forward-looking statements in this presentation include statements as to managements’ expectations with respect to: the benefits of the transaction and strategic and integration opportunities; the company’s plans, objectives, expectations and intentions; expectations for sales growth, synergies, earnings and performance; shareholder value; and other statements that are not historical facts. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Any such forward-looking statements are subject to various risks and uncertainties which could cause actual results and experience to differ materially from the anticipated results or expectations expressed in this presentation. Additional information concerning these risk factors can be found in the Company’s filings with Canadian securities regulatory authorities, which are available online under the Company’s profile at www.sedar.com, the Company’s filings with the United States Securities and Exchange Commission, or on the Company’s website at www.maxar.com, and in DigitalGlobe’s filings with the SEC, including Item 1A of DigitalGlobe’s Annual Report on Form 10-K for the year ended December 31, 2016. The forward-looking statements contained in this presentation are expressly qualified in their entirety by the foregoing cautionary statements and are based upon data available as of the date of this release and speak only as of such date.
    [Show full text]
  • Aerospace, Defense, and Government Services Mergers & Acquisitions
    Aerospace, Defense, and Government Services Mergers & Acquisitions (January 1993 - April 2020) Huntington BAE Spirit Booz Allen L3Harris Precision Rolls- Airbus Boeing CACI Perspecta General Dynamics GE Honeywell Leidos SAIC Leonardo Technologies Lockheed Martin Ingalls Northrop Grumman Castparts Safran Textron Thales Raytheon Technologies Systems Aerosystems Hamilton Industries Royce Airborne tactical DHPC Technologies L3Harris airport Kopter Group PFW Aerospace to Aviolinx Raytheon Unisys Federal Airport security Hydroid radio business to Hutchinson airborne tactical security businesses Vector Launch Otis & Carrier businesses BAE Systems Dynetics businesses to Leidos Controls & Data Premiair Aviation radios business Fiber Materials Maintenance to Shareholders Linndustries Services to Valsef United Raytheon MTM Robotics Next Century Leidos Health to Distributed Energy GERAC test lab and Technologies Inventory Locator Service to Shielding Specialities Jet Aviation Vienna PK AirFinance to ettain group Night Vision business Solutions business to TRC Base2 Solutions engineering to Sopemea 2 Alestis Aerospace to CAMP Systems International Hamble aerostructure to Elbit Systems Stormscope product eAircraft to Belcan 2 GDI Simulation to MBDA Deep3 Software Apollo and Athene Collins Psibernetix ElectroMechanical Aciturri Aeronautica business to Aernnova IMX Medical line to TransDigm J&L Fiber Services to 0 Knight Point Aerospace TruTrak Flight Systems ElectroMechanical Systems to Safran 0 Pristmatic Solutions Next Generation 911 to Management
    [Show full text]
  • Geoeye Corp Overview
    GeoEye See our World…Better than Ever 1 GeoEye Focus on Africa Ms. Andrea Cook Senior Sales Manager Middle East, Africa & India GeoEye GeoEye: Company Overview OfferingOffering bestbest resolutionresolution –– colorcolor –– accuracyaccuracy commerciallycommercially availableavailable 3 GeoEye: IKONOS and GeoEye-1 IKONOS – Launched 24 September 1999 – World’s first commercial satellite with 1- meter resolution • 0.82 meter panchromatic, 3.2 meters multi-spectral • Over 300 million km² of world-wide archive • Extensive global network of ground stations __________________________________________________________ GeoEye-1 – Launched 6 September 2008 – Started Commercial Operations 5 February 2009 – Most advanced satellite commercially available • 0.41 meter panchromatic, 1.65 multi- spectral • Designed for <5m accuracy without ground control • Up to 700,000 km² per day collection capacity (panchromatic) • >7 year mission life 4 IKONOS: 1 meter imagery AlmostAlmost 1010 yearsyears ofof archivearchive –– stillstill collectingcollecting strongstrong 5 GeoEye-1: First Images NowNow CommerciallyCommercially AvailableAvailable –– CollectingCollecting WorldWorld WideWide 6 GeoEye Constellation Collection Capacity Faster Response Times Faster Project Completions More Opportunities Served • GeoEye Constellation Collection Capacity – GeoEye-1 • Image 350,000 km2/day in multi-spectral mode • 700,000 sq km/day panchromatic mode – IKONOS • 150,000 sq km/day • True Constellation Operations for GeoEye-1 and IKONOS – Phased orbit Key: – Access to all locations
    [Show full text]
  • Spectral Response for Digitalglobe Earth Imaging Instruments
    Spectral Response for DigitalGlobe Earth Imaging Instruments IKONOS The IKONOS satellite carries a high resolution panchromatic band covering most of the silicon response and four lower resolution spectral bands. The four multispectral bands are roughly based on four bands used on the Landsat satellite series, including blue, green, red and near-infrared. The spectral responses of the bands are shown in Figure 1, individually normalized to the maximum value. Table 1 gives the 5% response upper and lower edges and center wavelengths for each. Figure1. Spectral Response of the IKONOS panchromatic and multispectral imagery. Table 1. IKONOS Spectral Band Edges and Center Wavelengths Band Name Center Lower Band Upper Band Edge Wavelength Edge (nm) (nm) (nm) Panchromatic 729 409 1048 Blue 480 421 539 Green 552 480 624 Red 666 602 729 NIR 803 713 893 2 QuickBird The QuickBird satellite also carries a high resolution panchromatic band covering most of the silicon response and four lower resolution spectral bands. The spectral responses of the bands are shown in Figure 2, individually normalized to the maximum value. Table 2 gives the 5% response upper and lower edges and center wavelengths for each. QuickBird Relative Spectral Radiance Response 1 0.9 0.8 0.7 Panchromatic Blue 0.6 Green Red NIR 0.5 0.4 Relative Response Relative 0.3 0.2 0.1 0 350 450 550 650 750 850 950 1050 Wavelength (nm) Figure 2. Spectral Response of the QuickBird panchromatic and multispectral imagery. Table 2. QuickBird Spectral Band Edges and Center Wavelengths Band Name Center Lower Band Upper Band Edge Wavelength Edge (nm) (nm) (nm) Panchromatic 729 405 1053 Blue 488 430 545 Green 543 466 620 Red 650 590 710 NIR 817 715 918 3 WorldView-1 The WorldView-1 satellite carries a panchromatic only instrument to produce basic black and white imagery for users who do not require color information.
    [Show full text]
  • US National Security and Economic Interests in Remote Sensing
    NATIONAL GEOSPATIAL-INTELLIGENCE AGENCY 7500 GEOINT Drive Springfield. Virginia 22150 Steven Aftergood Sent via U.S. mail Federation of American Scientists November 28,2012 1725 Desales Street NW, Suite 600 Re: FOIA Case Number: 20100025F Washington, DC 20036 Dear Mr. Aftergood: This letter responds to your October 29, 2009 Freedom oflnformation Act (FOIA) request, which we received on October 29, 2009. You requested access to documents pertaining to "U.S. National Security and Economic Interests in Remote Sensing: The Evolution of Civil and Commercial Policy by James A. Vedda, Aerospace Corp., February 20, 2009, preparedfor NGA Sensor Assimilation Division." , A search ofNGA's system of records located one document (37 pages) that is responsive to your request. We reviewed the responsive documents and determined they are releasable in full. If you have any questions about the way we handled your request, or about our FOIA regulations or procedures, please contact Elliott Bellinger, Deputy FOIA Program Manager, at 571-557-2994 or by email at [email protected] or via postal mail at: National Geospatial-Intelligence Agency FOIA Requester Service Center 7500 GEOINT Drive, MS S71-0GCA Springfield, VA 22150-7500 Sincerely, ~ Elliott Belinger Deputy FOIA Program Manager UNCLASSIFIED AEROSPACE REPORT NO. TOR-2009(3601 )-8539 U.S. National Security and Economic Interests in Remote Sensing: The Evolution of Civil and Commercial Policy 20 February 2009 James A. Yedda NSS Programs Policy and Oversight National Space Systems Engineering Prepared for: National Geospatial-Intelligence Agency Sensor Assimilation Division Sunrise Valley Drive Reston, VA 20191-3449 Contract No. FA8802-09-C-OOO 1 Authorized by: National Systems Group Distribution Statement: Distribution authorized to U.S.
    [Show full text]
  • For Immediate Release
    NEWS RELEASE FOR IMMEDIATE RELEASE October 17, 2018 MDA leaders outline opportunities, challenges for Canada in space Speech to the Greater Saskatoon Chamber of Commerce highlights innovation and economic upsides for Canada, if government acts to secure our place in space Saskatoon, SK – MDA, a Maxar Technologies company (formerly MacDonald, Dettwiler and Associates Ltd.) (NYSE: MAXR) (TSX: MAXR), today outlined that Canada’s role and potential involvement in the growing new space economy requires a full commitment from the Government of Canada for a new space strategy that would secure Canada’s place as a leader in space, Mike Greenley, the Group President of MDA, said in a speech to the Greater Saskatoon Chamber of Commerce. “We need a long-term, fully funded space plan for Canada that establishes the requisite funding to maintain and enhance our existing world-leading capabilities in AI-based space robotics, satellite communications, Earth observation and space science, while cultivating new areas of leadership. And we need it now, because there are pressing decisions that need to be made,” Greenley said. Greenley and Holly Johnson, the president’s business manager at MDA, made their presentation today in Saskatchewan to highlight the impact space has in the region, from Canadian Light Source Inc. to Calian SED Systems, a partner with MDA in the Don’t Let Go Canada campaign currently underway. Greenley and Johnson took advantage of their time in Saskatchewan to discuss MDA Launchpad, the company’s initiative to bring more Canadians companies on board the space industry. MDA has tasked senior leaders to deal with small- to medium-sized enterprises looking to collaborate with MDA.
    [Show full text]
  • Atmospheric Compensation FLAME
    Seeing a Better World from Space Carly Sakumura Research and Development Scientist, Maxar Technologies 7 November, 2019 Who is Maxar? "NJ!hr ;,.I,: .. ~ '11.Je!"~ l')l ,·• f'f ~" Fiery Explosions Eleva.le Fears for Cliemical Plants Flooded by Texas Storm , A ~tfmiu,tryAmuru:/Hou"""1,1'mc/manr C..rnpou,ocl, Vuln="1• m H.,,1 Gas Prices Rise A,; O~ Refiners Race to Recover 111,[IJr.RJI C, l!l.i.DI Mau:nal- ~-.-. C••Jluim-t311111---- • 111111 © 2019 Maxar Technologies 2 MA~AR Powering accurate navigation for transportation apps . Uber relies on Maxar for high-resolution imagery refresh to ensure their mapping applications are up-to-date and accurate. Faster than using public records, this helped Uber increase reliability with more accurate pick-up/drop-off locations and better service for passengers. © 2019 Maxar Technologies 3 MA~AR Protecting the world’s most high-profile events The highest-quality imagery, 3D elevation models and comprehensive human landscape data helped security teams and local authorities plan emergency responses and mitigate potential threats at the Olympic Games. And with all of those resources available in the cloud, security planners had the access they needed to confidently coordinate public safety for the world’s largest sporting event. RIO VECTOR DATA © 2019 Maxar Technologies 4 Eradicating disease with reliable maps . The Bill & Melinda Gates Foundation turns to Maxar for current, high-resolution imagery that reveals uncharted roads and villages in Africa. With up-to-date maps, health workers can access the answers they need to reach disease-affected areas and deliver life-saving ORIGINAL MAP OF MAMOU medical supplies.
    [Show full text]
  • Maxar Technologies, Inc. (MAXR.CA)
    Corrected Transcript 03-May-2021 Maxar Technologies, Inc. (MAXR.CA) Q1 2021 Earnings Call Total Pages: 22 1-877-FACTSET www.callstreet.com Copyright © 2001-2021 FactSet CallStreet, LLC Maxar Technologies, Inc. (MAXR.CA) Corrected Transcript Q1 2021 Earnings Call 03-May-2021 CORPORATE PARTICIPANTS Jason Gursky Biggs C. Porter Vice President-Investor Relations and Corporate Treasurer, Chief Financial Officer & Executive Vice President, Maxar Technologies, Maxar Technologies, Inc. Inc. Daniel L. Jablonsky President, Chief Executive Officer & Director, Maxar Technologies, Inc. ...................................................................................................................................................................................................................................................... OTHER PARTICIPANTS Ken Herbert Robert Spingarn Analyst, Canaccord Genuity LLC Analyst, Credit Suisse Securities (USA) LLC Tim James Michael Ciarmoli Analyst, TD Securities, Inc. Analyst, Truist Securities, Inc. Thanos Moschopoulos Chris Quilty Analyst, BMO Capital Markets Corp. (Canada) Founder & Partner, Quilty Analytics LLC Seth M. Seifman Analyst, JPMorgan Securities LLC ...................................................................................................................................................................................................................................................... MANAGEMENT DISCUSSION SECTION Operator: Greetings. Thank you for standing by and welcome to the Maxar Technologies
    [Show full text]
  • Quickbird Digitalglobe's Quickbird Satellite Offered Sub-Meter
    QuickBird DigitalGlobe’s QuickBird satellite offered sub-meter resolution imagery. Initially at an operational altitude of 482 km, QuickBird was operated at an altitude of 450 km and continued in an gradual descent until its end of mission life in 2015 at an altitude of 300 km. QuickBird provided commercial imagery at 0.61 m (PAN) and at 2.4 m (MS) resolution. A successful launch of QuickBird took place on Oct. 18, 2001 on a Delta-2 vehicle of Boeing from Vandenberg Air Force Base, USA and its mission life decayed in 2015. Trivia: In 2001 the QuickBird project of DigitalGlobe opted for a fairly low orbital altitude of 450 km (from the previous 600 km altitude level) to obtain a higher ground spatial resolution of the imagery; however, at the expense of swath width. Naturally, the low orbit of 450 km requires more orbit raising manoeuvres due to the increased drag influence of the atmosphere. The argument went that the S/C carries enough fuel to adjust the lower orbit more frequently over the operational lifetime of the mission. (source: eoportal.org). Fig.1 QuickBird satellite Fig. 2 QuickBird clean room pre- launch preparations QuickBird Satellite Specifications are as follow- Launch information: Date: October 18, 2001 Launch vehicle: Delta II Launch site: SLC-2W, Vandenberg Air Force Base, California Mission life: Extended through mid-2014 to 2015 Spacecraft size: 2400 lbs., 3.04 m (10 ft.) in length Altitude 450 km Altitude 300 km Orbit: Type: Sun-synchronous, 10:00 am descending node 10:00 am descending node Period: 90.4 min Period:
    [Show full text]