Maxar Technologies' MDA appoints Michael Rack President, MDA Commercial to Lead Space Systems Product Growth in the New Space Economy
Finalizes MDA's Leadership Organization with Experienced Team to Drive Growth
BRAMPTON, ON, July 27, 2018 /PRNewswire/ - MDA, a Maxar Technologies company (formerly MacDonald, Dettwiler and Associates Ltd.), (NYSE: MAXR) (TSX: MAXR), today announced the appointment of Michael Rack to serve as President of the newly-created MDA Commercial division beginning September 24, 2018. The addition of Rack, along with the recently announced appointment of Chris Pogue as President of MDA Government, rounds out the MDA senior leadership organization announced in June 2018.
Rack will lead MDA Commercial and have responsibility for global growth and operations of all the commercial product lines including space robotics, space sensors (the recently acquired Neptec), antennas and electronics, payloads, and non-space products. Rack will report to Mike Greenley, the Group President of MDA.
Mike Greenley, Group President of MDA said, "Michael is a proven business leader in aerospace, defence, and space commercial products. Hallmarks of his past performance include driving top and bottom line growth, achieving high levels of customer engagement and business outcomes. Michael brings the right skills at the right time for the next phase of MDA growth."
Rack joins MDA after a 23-year career in executive aerospace, defence, security, and space industry positions. In his most recent position as Senior Vice President at Inmarsat, he led two of Aviation's Core Businesses. Prior to Inmarsat, Rack worked for General Dynamics Mission Systems, where he was Vice President of international sales.
"I am very proud to be returning to Canada to lead MDA Commercial," said Michael Rack. "It is an exciting time of transformation in the space industry, as new commercial markets open for satellites, on orbit servicing, space exploration, space mining, space manufacturing, and even space tourism. The product lines across MDA Commercial are world leading, and the teams have extensive heritage across the fields of space-based communications, earth observation, and space exploration that give us the unique opportunity to build a better world here on Earth."
About MDA
MDA is an internationally recognized leader in space robotics, space sensors, satellite payloads, antennas and subsystems, surveillance and intelligence systems, defence and maritime systems, and geospatial radar imagery. MDA's extensive space expertise and heritage translates into mission-critical defence and commercial applications that include multi-platform command, control and surveillance systems, aeronautical information systems, land administration systems and terrestrial robotics. MDA is also a leading supplier of actionable mission-critical information and insights derived from multiple data sources. Founded in 1969, MDA is recognized as one of Canada's most successful technology ventures with locations in Richmond, Ottawa, Brampton, Montreal, Halifax and the United Kingdom. MDA is a Maxar Technologies company (TSX: MAXR) (NYSE: MAXR). For more information, visit www.mdacorporation.com.
About Maxar Technologies
As a global leader of advanced space technology solutions, Maxar Technologies (formerly MacDonald, Dettwiler and Associates) is at the nexus of the new space economy, developing and sustaining the infrastructure and delivering the information, services, systems that unlock the promise of space for commercial and government markets. As a trusted partner, Maxar Technologies provides vertically-integrated capabilities and expertise including satellites, Earth imagery, robotics, geospatial data and analytics to help customers anticipate and address their most complex mission-critical challenges with confidence. With more than 6,500 employees in over 30 global locations, the Maxar Technologies portfolio of commercial space brands includes MDA, SSL, DigitalGlobe and Radiant Solutions. Every day, billions of people rely on Maxar to communicate, share information and data, and deliver insights that Build a Better World. Maxar trades on the Toronto Stock Exchange and New York Stock Exchange as MAXR. For more information, visit www.maxar.com.
Forward-Looking Statements
This release contains forward-looking statements and information, which reflect the current view of Maxar Technologies Ltd. (the "Company") with respect to future events and financial performance. The forward-looking statements in this regard include statements regarding the award of a contract with a government agency. Any such forward-looking statements are based on the Company's current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. The factors and assumptions underlying the forward-looking statements in this release include contracts with any government agency not being terminated. Any such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from current expectations. The Company cautions readers that should certain risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. The risks that could cause actual results to differ from current expectations include, but are not necessarily limited to: changes in government or intergovernmental priorities, mandates, funding levels, contracts and regulations; system failure; failure of third parties and subcontractors; and failure to anticipate changes in technology, technical standards and offerings or compliance with the requisite standards, or failure to maintain technological advances and offer new products to retain customers and market position.
For additional information with respect to certain of these risks or factors, plus additional risks or factors, reference should be made to the Company's continuous disclosure materials filed from time to time with Canadian and U.S. securities regulatory authorities, which are available online under the Company's SEDAR profile at www.sedar.com, under the Company's EDGAR profile at www.sec.gov or on the Company's website at www.maxar.com.
Contact
Wendy Keyzer | MDA Media Contact | 1-604-231-2743 | [email protected]
Jason Gursky | Maxar Investor Relations | 1-303-684-2207 | [email protected]
SOURCE Maxar Technologies Ltd.
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