Jan 7 (Reuters) - Maxar Technologies Inc MAXR.N MAXR.TO
* MAXAR TECHNOLOGIES REPORTS FAILURE OF ITS WORLDVIEW-4 IMAGING SATELLITE
* MAXAR TECHNOLOGIES INC - EFFORTS TO RESTORE SATELLITE FUNCTIONALITY ARE ONGOING, BUT THUS FAR THESE EFFORTS HAVE BEEN UNSUCCESSFUL
* MAXAR TECHNOLOGIES INC - BELIEVES THAT WORLDVIEW-4 WILL LIKELY NOT BE RECOVERABLE AND WILL NO LONGER PRODUCE USABLE IMAGERY
* MAXAR TECHNOLOGIES - MAXAR OPERATIONS HAS PUT WORLDVIEW-4 SATELLITE IN A SAFE CONFIGURATION & WILL CONTINUE TO MONITOR SATELLITE'S LOCATION & HEALTH
* MAXAR TECHNOLOGIES INC - MAXAR INTENDS TO SEEK FULL RECOVERY FOR LOSS OF WORLDVIEW-4 UNDER ITS INSURANCE POLICIES
* MAXAR TECHNOLOGIES INC - CURRENTLY BELIEVES IT WILL BE ABLE TO OFFSET $10 MILLION TO 15 MILLION OF ANNUAL REVENUE FROM WORLDVIEW-4