Maxar plans to sell GEO satellite unit
Posted: Sun, Nov 4, 2018, 8:57 AM ET (1357 GMT)
Maxar confirmed plans Wednesday to sell its GEO satellite business unit. In an earnings call, Maxar CEO Howard Lance said the company's "primary path" is to sell its SSL unit, and that Maxar is in talks with multiple unnamed companies interested in buying it. Lance said a deal could be announced by the end of this year. SSL, which has suffered layoffs and inefficiencies caused by a drop in demand for GEO satellites, is also dealing with a defective component that will have to be replaced on several satellites under construction, Lance said. While Maxar's Space Systems unit saw a drop in revenue because of decreased GEO business, the company is seeing growth in small smallsats and work with the U.S. government.
Maxar confirmed plans Wednesday to sell its GEO satellite business unit. In an earnings call, Maxar CEO Howard Lance said the company's "primary path" is to sell its SSL unit, and that Maxar is in talks with multiple unnamed companies interested in buying it. Lance said a deal could be announced by the end of this year. SSL, which has suffered layoffs and inefficiencies caused by a drop in demand for GEO satellites, is also dealing with a defective component that will have to be replaced on several satellites under construction, Lance said. While Maxar's Space Systems unit saw a drop in revenue because of decreased GEO business, the company is seeing growth in small smallsats and work with the U.S. government.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
|
|
news links
|
|
Wednesday, August 12
Firefly Now Targeting Next Alpha Flight By Year’s End
Aviation Week — 4:54 am ET (0854 GMT) 'Russian Starlink' Is Fast Becoming A Reality, There's Just One Problem For The Kremlin
Radio Free Europe — 4:52 am ET (0852 GMT) Firefly Aerospace Announces Extension of Multi-Launch Agreement with Lockheed Martin Through 2031
Firefly Aerospace — 4:50 am ET (0850 GMT) Firefly’s SciTec Awarded $94 Million U.S. Space Force Contract to Advance Ground-Based Radar Digitization Program
Firefly Aerospace — 4:49 am ET (0849 GMT) Registration Now Open for Spacepower Conference 2026
EINPresswire.com — 4:49 am ET (0849 GMT) |
