Maxar books $12M non-cash impairment charge on OneWeb equity investment

by Peter B. de Selding

LOGAN, Utah — Maxar Technologies booked a non-cash impairment charge of $12 million to reflect the dilution of its equity interest in the OneWeb satellite broadband constellation.

The charge followed OneWeb’s most recent round of funding, totaling $1.25 billion.

Maxar’s MDA division in Canada in 2016 invested $25 million in OneWeb as a condition for receiving a contract to build 1,600 communications antennas for the OneWeb constellation at MDA’s Montreal facility.

Maxar was one . . .

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