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BRIEF-Maxar Technologies Reports Failure Of Its Worldview-4 Imaging Satellite

Published 2019-01-07, 08:37 a/m
© Reuters.  BRIEF-Maxar Technologies Reports Failure Of Its Worldview-4 Imaging Satellite
MAXR
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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

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