Feb 28 (Reuters) - Maxar Technologies Inc MAXR.N :
* MAXAR TECHNOLOGIES REPORTS 2018 YEAR END RESULTS
* Q4 REVENUE $496 MILLION VERSUS $545 MILLION
* ANNOUNCES ORGANIZATIONAL RESTRUCTURING TO DRIVE SAVINGS AND REDUCE COST STRUCTURE
* ANNOUNCES ORGANIZATIONAL RESTRUCTURING TO DRIVE SAVINGS AND REDUCE COST STRUCTURE
* CONCLUDES REVIEW OF STRATEGIC OPTIONS FOR GEO COMSAT BUSINESS
* QUARTERLY DIVIDEND REDUCED TO $0.01
* TOTAL FUNDED ORDER BACKLOG OF $2.4 BILLION AS AT DECEMBER 31, 2018 COMPARED TO $3.3 BILLION AS AT DECEMBER 31, 2017.
* BOOKINGS IN 2018 HAVE BEEN NEGATIVELY IMPACTED BY MARKET OUTLOOK FOR GEO COMSAT BUSINESS INSIDE COMPANY'S SPACE SYSTEMS SEGMENT
* UNFUNDED BACKLOG ENDED 2018 AT $1 BILLION VERSUS. $119 MILLION IN 2017
* ANNUAL COST SAVINGS FROM RESTRUCTURING OF $60-$70 MILLION
* ENHANCEDVIEW CONTRACT EXTENDED TO AUGUST 31, 2023
* CONCLUDED THAT GEO COMSAT BUSINESS WILL GENERATE MORE VALUE AS PART OF MAXAR COMPARED TO ALTERNATIVES THAT WERE EVALUATED
* QTRLY NET LOSS PER SHARE, DILUTED $16.10
* RECOGNIZED A NET $883 MILLION IN IMPAIRMENT AND OTHER CHARGES DURING QUARTER
* Q4 REVENUE DECREASE WAS PRIMARILY DRIVEN BY A DECLINE IN SPACE SYSTEMS SEGMENT, IN PART OFFSET BY GROWTH IN IMAGERY AND SERVICES