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Maxar Technologies (NYSE:MAXR) announced that its senior management will present at the Morgan Stanley 5th Annual Space Summit on December 6, 2022, in New York, New York. The presentation will be a fireside chat limited to conference participants. Maxar specializes in comprehensive space solutions and geospatial intelligence, catering to both government and commercial sectors. With a workforce of over 4,400 in more than 20 global locations, Maxar is committed to leveraging space technology for global broadband and environmental monitoring.
Maxar Technologies (NYSE:MAXR) has announced a new contract with SiriusXM (NASDAQ:SIRI) to build two additional geostationary communications satellites, SXM-11 and SXM-12, increasing the spacecraft in development for SiriusXM to four. This builds on the previous agreement for SXM-9 and SXM-10. The new satellites will enhance SiriusXM's service offerings and customer experience, contributing to a robust satellite fleet. Maxar's ongoing partnership with SiriusXM reflects its commitment to advanced satellite technology.
EchoStar Corporation (NASDAQ: SATS) announced an amended agreement with Maxar Technologies (NYSE: MAXR) for the production of the JUPITER 3 satellite, also known as EchoStar XXIV. This agreement compensates EchoStar for past production delays and expands recourse options for future delays. The satellite aims to deliver over 500 Gbps of capacity, significantly enhancing Hughes Network Systems' offerings. The JUPITER 3 satellite is set for launch in the first half of 2023, with final preparations currently underway at Maxar's facility.
Maxar Technologies (NYSE:MAXR) successfully launched two geostationary satellites, Galaxy 31 and Galaxy 32, for Intelsat aboard a SpaceX Falcon 9 rocket from Cape Canaveral, Florida. These satellites will assist Intelsat in transitioning services as part of the FCC's C-band spectrum plan for 5G. This marks a significant milestone in Maxar and Intelsat's long-term partnership, enhancing media content distribution in North America. Galaxy 31 and Galaxy 32 are the first of five satellites commissioned under this contract, with further launches planned in December 2022.
Maxar Technologies (NYSE:MAXR) announced participation in the Baird Global Industrial Conference in
Maxar Technologies (NYSE:MAXR) reported its financial results for Q3 2022, showing consolidated revenues of $436 million with a net loss of $4 million or $0.05 per share. Adjusted EBITDA reached $110 million, yielding a margin of 25.2%. Key highlights include a significant increase in total order backlog to $2,955 million, fueled by strong performances in both Earth Intelligence and Space Infrastructure segments. However, net income dropped compared to the previous year, attributed to higher expenses. The company maintains targets for substantial growth in 2023.
Maxar Technologies has completed its acquisition of Wovenware, an AI and software development firm based in Puerto Rico. This move will enhance Maxar's software engineering and AI capabilities significantly. Wovenware, founded in 2003 and employing around 150 people, will become a center of excellence for Maxar in software development and AI/ML. Both companies have collaborated since 2017 on various initiatives, enabling Maxar to leverage Wovenware's expertise in AI and machine learning.
Maxar Technologies (NYSE:MAXR) has declared a quarterly dividend of $0.01 per share, payable on December 30, 2022. Shareholders on record as of December 15, 2022 will receive this dividend. The company specializes in providing space solutions and geospatial intelligence to both government and commercial sectors. With a workforce of 4,400 employees across various global locations, Maxar aims to deliver innovative solutions and insights in a cost-effective manner.
Maxar Technologies (NYSE:MAXR) will release its Q3 2022 financial results on November 3, 2022, after market close. CEO Daniel Jablonsky and CFO Biggs Porter will host a conference call at 3:00 p.m. MT for a results review and Q&A session. Advance registration is required for participants, who will receive dial-in details post-registration. An instant replay will be available after the call until November 17, 2022. The call will also be webcast live and archived. More details can be found on Maxar's investor website.
Astra Space, Inc. (NASDAQ: ASTR) has signed a contract with Maxar Technologies (NYSE: MAXR) to supply Astra Spacecraft Engines for Maxar’s proliferated low Earth orbit (LEO) spacecraft. These engines will enhance global coverage missions, including Earth observation and national security. Astra anticipates delivery of the engines in 2023. This agreement is seen as a significant step for Astra, underscoring its momentum in the Space Products sector and validating its spacecraft engine as essential technology for future satellite constellations.
