GREY:LFDEF - Post by User
Comment by
Pandoraon Feb 28, 2019 7:09pm
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Post# 29425995
RE:RE:BIG NEWS COMIN!
RE:RE:BIG NEWS COMIN!Empire123 wrote: Maxar getting pounded in after hours trading. This would be a good time to have some positive news. Here's a good read.
https://spacenews.com/maxar-to-retain-but-restructure-geo-satellite-business/
An excerpt from the MAXR news release:
"Instead, the company will restructure the business, retaining its 1300 series of large GEO satellites but devoting more attention to the smaller “Legion” class of spacecraft, named after the WorldView Legion constellation SSL is building for DigitalGlobe, also owned by Maxar. At the same time, the company will look to business from U.S. government agencies as well as other nations.
That was the original plan as Maxar established itself as a U.S. company and became eligible for government business. “And then we had the bottom fall out of the GEO communications market,” Scott said, a reference to the extended drought in commercial GEO satellite orders that had constituted the bulk of SSL’s business and triggered the strategic review of SSL’s future. “We concluded the original strategy was still the best one.”