Maxar’s Sirius XM Satellite costs rise as Sirius declares SXM-7 a total loss

by Peter B. de Selding

PARIS — Maxar Technologies reported a 46% increase in Q4 revenue in its Space Infrastructure satellite-building division, led by six new geostationary-orbit communications satellites for fleet operator Intelsat.

But the division barely broke even for the year as it absorbed increased costs associated with two flagship commercial programs: Sirius XM Holdings’s SXM-7 and SXM-8 direct-broadcast radio satellites, and Hughes Network Systems’s Jupiter-3 Ka-band broadband.

Maxar’s issues with Sirius XM are not over. After absorbing . . .

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