Maxar Technologies plans to significantly reduce its capital expenditures after completing construction of its next-generation WorldView Legion constellation so that the company can focus on curbing its $3 billion debt load.
Maxar Technologies executives said selling the company’s struggling geostationary satellite manufacturing business is now the most likely path it will take to break free from a business that is operating at a loss.
Maxar Technologies is setting up a new organization focused solely on small satellites while continuing to downsize its geostationary satellite manufacturing business at Space Systems Loral.
Canadian fleet operator Telesat on July 30 selected Thales Alenia Space and Maxar Technologies’ Space Systems Loral division to collaborate on the design of its low Earth orbit broadband satellite constellation.
Maxar Technologies, owner of satellite manufacturer Space Systems Loral, may shut down its geostationary manufacturing line as a result of a multi-year order drought that management considers the new norm.
Maxar Technologies on July 16 purchased Neptec, a Canadian company with robotic expertise deemed useful for in-space activities like satellite servicing and building space stations.
Maxar’s data analytics division adds jobs to sate U.S. government appetite for artificial intelligence
“There is a strong desire to take capabilities to teach machines to recognize objects in optical and radar imagery," said Radiant Solutions president Tony Frazier.
Maxar Technologies won't have access to the Canadian military's three-satellite Radarsat Constellation Mission (RCM), forcing the company to continue relying on the Radarsat-2 satellite launched in 2007 to support its radar business.
Satellite manufacturer Space Systems Loral on March 26 announced two satellite operators contracted the company to build geostationary telecommunications satellites ahead of fast-approaching 2020 deadlines.
MDA’s $2.4 billion merger with DigitalGlobe is the biggest space acquisition to close so far this year. But MDA Corp. CEO Howard Lance sees the merger as the combination of four companies, not two.