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Space industry shakeups: Aerospace consolidates, Maxar breaks up

Summary by Ground News
Maxar Technologies is splitting into two separate business units, following its December acquisition by private equity firm Advent International for $6.4 billion. Some 120 employees have been let go in a first round of layoffs, with at least two more rounds to come. Maxar Intelligence will take over the remote sensing activities.

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Breaking DefenseBreaking Defense
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Space industry shakeups: Aerospace consolidates, Maxar breaks up

One Maxar official told Breaking Defense today that Maxar’s “mission focus” on NRO will not be affected by the split up.

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Breaking Defense broke the news in on Thursday, September 21, 2023.
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