Maxar announces GEO order, property sale and debt refinancing, sizes WorldView Legion at six satellites
Maxar Technologies on Nov. 4 said an undisclosed customer has agreed to buy a geostationary communications satellite, providing what Maxar offered as proof that retaining and resizing Space Systems Loral was a worthwhile decision.
Dan Jablonsky, the former DigitalGlobe president, took the helm at Maxar Technologies on Jan. 13, six days after the company announced the loss of its Worldview-4 satellite. Immediately, Jablonsky set to work evaluating the corporation’s structure and its components, including satellite manufacturer Space Systems Loral.
In a departure from Chile’s previous plan to order an upgraded replacement for its sole reconnaissance satellite, the air force is now looking at whether it can acquire partial control of a more advanced satellite of the caliber Maxar’s DigitalGlobe division operates.
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.
DigitalGlobe’s selection of Raytheon Space Systems to manufacture high-resolution imagers for the WorldView Legion constellation shows Raytheon is making headway in its effort to use expertise honed through decades of government work to attract commercial customers.