Maxar on GEO satellite business: From optimistic to hopeful, and now verging on capitulation

by Peter B. de Selding

PARIS — Maxar Technologies Chief Executive Howard L. Lance has gone from determined optimism in 2016 to near-capitulation on the geostationary-orbit commercial telecommunications market, where Maxar’s SSL once reigned supreme.

Two years ago, Lance said SSL would soldier on through the extended downturn that began in 2015 and prepare for the market’s rebound in 2018. Not any more.

“At this point we do not expect a significant recovery for this market, with industry orders likely to be at the low end of . . .

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