The Briefing Room

General Category => Science, Technology and Knowledge => Space => Topic started by: Elderberry on January 07, 2019, 10:07:45 pm

Title: Colorado aerospace firm doesn't expect to recover failed satellite that generated $85M in 2018
Post by: Elderberry on January 07, 2019, 10:07:45 pm

Denver Business Journal By Andrew Dodson 1/7/2019

Shares of Maxar Technologies tumbled Monday morning on news that its WorldView-4 satellite failed and the company doesn’t believe it can be recovered.

Officials with the Westminster-based company said the satellite, which was acquired by GeoEye prior to its merger with DigitalGlobe in 2013, “experienced a failure in its control moment gyros,” which prevents the satellite from collecting images. The company has been working with suppliers to restore the satellite’s functionality, but those efforts haven’t been successful.

“At this time, Maxar believes that WorldView-4 will likely not be recoverable and will no longer produce useable imagery,” according to a company statement.

Shares of Maxar (NYSE: MAXR) were trading at $8.03 as of 2 p.m. on Monday. Those shares were trading at $63.63 on Jan. 8, 2018.

More: https://www.bizjournals.com/denver/news/2019/01/07/maxar-technologies-failed-satellite.html?ana=yahoo&yptr=yahoo (https://www.bizjournals.com/denver/news/2019/01/07/maxar-technologies-failed-satellite.html?ana=yahoo&yptr=yahoo)