Maxar reports lower sales

By Marjorie Censer / November 5, 2019 at 9:46 AM

Maxar Technologies announced this week sales in its most recent quarter hit $479 million, down about 6% from the same three-month period a year earlier.

Maxar attributed the decline to lower sales in its space systems segment, noting it saw quarterly sales gains in its imagery and services units.

The company recorded a quarterly loss of $26 million, lower than the $289 million loss Maxar reported the prior year.

Company executives said they are focused on positioning Maxar for growth, including by signing a sale-lease back transaction on a Palo Alto, CA, facility.