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Showing posts with the label Maxar

Maxar Technologies Misses Q4 Revenue Estimates; Will Retain SSL Subsidiary & Drop Dividend to $.01 US per Share

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           By  Chuck Black Shareholders of Westminster CO based Maxar Technologies  will be waiting patiently over the next few days to see how the market reacts to Maxar's latest quarterly earning report. The complete slide deck used for the February 28th, 2019 Maxar Q4 2018 Earnings call is available online here . A transcript of the call was published in the March 1st, 2019 Seeking Alpha post, " Maxar Technologies Inc (MAXR) CEO Dan Jablonsky on Q4 2018 Results - Earnings Call Transcript ." Graphic c/o Maxar . Initial signs are not good. As outlined in the February 28th, 2019 Maxar press release, " Maxar Technologies Reports 2018 Year End Results ," the company has reported: Consolidated revenues of $2,141Mln US ($2.813Mln CDN), which was a rough miss on Q4 revenue expectations. Revenues fell 9% due to shortfalls at Maxar's Palo Alta CA based SSL GEO satellite manufacturing facility, which was mitigated somewhat by gains in imagery revenue...

Airbus and Thales Athena Maxar Teams Complete System Requirements Reviews for Telesat LEO Constellation

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           By Henry Stewart Ottawa ON based Telsat has announced that the two teams developing competing designs for Telesat’s global low earth orbit (LEO) satellite constellation have successfully completed their system requirements reviews. As outlined in the January 24th, 2019 Telesat press release, " System Requirements Review Completed for Telesat’s LEO Constellation " both teams, the first led by Leiden Netherlands based Airbus Defence and Space (Airbus) with a second composed of Cannes France based Thales Alenia Space and Westminster CO based Maxar Technologies , are " continuing to advance their detailed designs for the complete LEO system, both space and ground segments ." Systems requirement reviews typically examine functional and performance requirements to insure that the concept proposal will satisfy the mission. They are a critical component in the design review. As outlined on its website, the Telesat global LEO constellation is a propos...

For the Want of a Nail...

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           By Henry Stewart The recent loss of Westminster CO based Maxar Technologies WorldView-4 satellite and the resulting catastrophic drop in Maxar stock prices, is a reminder to some that on-orbit satellite servicing is an idea whose time has come. As outlined in the January 10th, 2019 The Verge post, " Fixing broken satellites in space could save companies big money ," when your satellite breaks in space, " there isn’t an easy way to repair it. " Fortunately, " technology that’s currently on the horizon may change that."  Or, it may not. The post noted several organizations and corporations currently working to commercialize on-orbit satellite servicing technologies including  Broomfield CO based Altius Space Machines and Singapore based Astroscale Space Debris .  The post also noted Maxar expertise in this area and its contribution to NASA's long-proposed but little funded  RESTORE-L  program, a " free-flyi...

Maxar Stock Drops to New Lows After DigitalGlobe Subsidiary Reports Loss of WorldView-4 Satellite

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           By  Chuck Black Just about the time when reasonable people thought the news on Westminster CO based Maxar Technologies couldn't get any worse, another Maxar catastrophe bubbles to the surface. Today's crisis, as outlined in the January 7th, 2019 Maxar press release, " Maxar Technologies Reports Failure of its WorldView-4 Imaging Satellite ," is the announcement from Maxar subsidiary  DigitalGlobe , that its  WorldView-4  Earth imaging satellite has malfunctioned and is no longer operational. As outlined in the press release, the " WorldView-4 satellite experienced a failure in its control moment gyros ("CMGs"), preventing the satellite from collecting imagery due to the loss of an axis of stability. " Efforts to repair the satellite are ongoing, but so far unsuccessful. According to the press release, " at this time, Maxar believes that WorldView-4 will likely not be recoverable and will no longer produce usable imagery ...