Main Engine Cut Off

Maxar Keeps SSL, Lays Off 4%

Caleb Henry, for SpaceNews, with an extensive update on Maxar’s rough patch:

Maxar Technologies, which will lay off more than 200 people as it seeks to return to profitability, says the struggling satellite division it decided to keep will need to bring in roughly $500 million this year to break even.

Executives of Westminster, Colorado-based Maxar said they can keep the doors open at Space Systems Loral in Palo Alto, California, if it can win one to two geostationary satellite orders annually.

If you’re interested in Maxar and SSL, read Caleb’s article.