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Maxar terminated its role in the Robotic Servicing of Geosynchronous Satellites (RSGS) program on 2019-01-30.
Under the 2017 agreement DARPA, working with the Naval Research Laboratory, would provide the satellite servicing payload and Maxar would integrate that payload on one of its satellite buses.
Telesat is actively preparing a low Earth orbit broadband constellation and expects to choose between manufacturers Airbus Defence and Space and a Maxar Technologies–Thales Alenia Space team later in the year.
DigitalGlobe and Planet are providing imagery to NASA under the agency’s commercial data buy program, and Spire is providing GPS radio occultation data.
NASA started a commercial data buy program with contracts announced in August to purchase Earth science data from DigitalGlobe, Planet, and Spire.
Maxar lost $8,000,000 on a firm fixed-price contract identified in a U.S. Securities and Exchange Commission filing released 2019-03-01.
The single GEO order Maxar won in 2018 was for a GEO smallsat that the customer expects to cost $166,000,000 including launch and insurance.
Maxar’s services sector contributed $25,000,000 toward the company’s 2018 bottom line and had an EBITDA margin of 9 percent in 2018, down from 16 percent in 2017.
Maxar recorded a $162,000,000 impairment for the loss of the WorldView-4 satellite, which was insured for $183,000,000.
Maxar plans to rebrand Space Systems Loral as its Space Solution Group.
Maxar’s space systems adjusted EBITDA fell to $5,000,000 in 2018 from $160,000,000 over the prior two-year period.
Maxar’s space systems sector generated $1,100,000,000 in 2018, down from nearly $1,300,000,000 in 2017 and $1,400,000,000 in 2016.
Maxar estimates it could receive $150,000,000 to $200,000,000 from selling SSL real estate, with the $70,000,000 sale being of the highest value facility.
Maxar’s imagery sector earned $518,000,000 on $845,000,000 in sales in 2018, representing a 61 percent EBITDA margin.
Maxar invested most of $150,000,000 spent in 2018 into its WorldView Legion satellites, which are being built in-house at SSL with imaging payloads provided by Raytheon.
Maxar completed a $70,000,000 building sale in December 2018 as part of efforts to reduce SSL’s physical footprint in Palo Alto.
Maxar’s imagery sector revenue rose by $615,000,000 in 2018 compared to 2017, primarily due to the inclusion of DigitalGlobe’s revenue.
Maxar filed an insurance claim for the loss of WorldView-4 and expects to receive the $183,000,000 insurance payment.
Maxar expected to win three or four GEO satellite contracts in 2018 but won just one.
SSL will seek customers for the Legion-class bus, a 500-kilogram platform designed for the WorldView Legion remote sensing constellation that can support telecom satellites as well as remote sensing.