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Under an Other Transaction Agreement, DARPA tasked Space Systems Loral with providing the spacecraft bus for RSGS, integrating the servicer with a launch vehicle, and providing operations staff for the lifetime of the mission.
Maxar Technologies’ Space Systems Loral terminated an agreement to build DARPA’s Robotic Servicing of Geosynchronous Satellites spacecraft on 2019-01-30.
NASA plans to use Restore-L, based on the SSL-1300 bus, to refuel the almost 20-year-old Landsat-7 satellite.
DARPA selected SSL as its commercial partner for RSGS in 2017 under an Other Transaction Authority agreement.
DARPA awarded SSL a $15,000,000 contract for RSGS.
SSL was producing six to eight geosynchronous Earth orbit satellites per year prior to considering divesting that business.
Under the RSGS OTA agreement, SSL agreed to invest resources in the program and DARPA committed to provide Naval Research Laboratory robotic arms for integration with the satellite.
DARPA selected SSL over competitor Orbital ATK (now Northrop Grumman Innovation Systems) for the RSGS partnership in February 2017.
Pacific Dataport is the third company in five months to purchase a small geostationary telecom satellite, following GapSat of Hong Kong with GapSat-1 from Terran Orbital in September and Ovzon with Ovzon-3 from SSL in December.
Howard Lance became CEO of MDA Corp. in May 2016 and took the role of CEO of Maxar after MDA and DigitalGlobe merged in 2017.
Maxar completed its domestication process on 2019-01-02, enabling the company to compete for more U.S. government space contracts.
Finding a definitive resolution for Space Systems Loral’s geostationary communications satellite business is among Daniel Jablonsky’s top priorities, along with clarifying longer-term growth prospects, required investments, and the optimal capital structure.
Maxar’s stock was worth around $52 a share six months before 2019-01-11 and was trading at $5.83 a share when markets closed on 2019-01-11.
Howard Lance resigned as Maxar’s president and CEO on 2019-01-14 after serving less than three years in the role.
Maxar intended to decide by year’s end whether to sell or shut down the geostationary satellite manufacturing portion of Space Systems Loral.
Space Systems Loral will work with DigitalGlobe on its MethaneSAT bid, with DigitalGlobe providing technical input on the satellite’s payload and guidance on the overall mission plan.
EDF announced on 2019-01-10 that Ball Aerospace and Space Systems Loral had received study contracts with an overall value of $1,500,000 to advance MethaneSAT concepts.
Maxar Technologies’ full-year 2018 revenue is expected to total roughly $2,000,000,000 when the company reports full-year earnings.
WorldView-4 generated approximately $85,000,000 of Maxar Technologies’ 2018 revenue.
Maxar Technologies intends to seek full recovery for the loss of WorldView-4 under its insurance policies with an insured value of $183,000,000.