talksatellite   AMERICAS    

Daily news


AMERICAS
EMEA

ASIA-PACIFIC

 
 
   
     
     


Maxar Technologies To Receive Full Insurance Payout for WorldView-4 Satellite Loss

May 03, 2019

Maxar Technologies announced that its insurance carriers have accepted the company’s $183 million claim for loss arising from the WorldView-4 satellite on-orbit failure, and have agreed to pay the company that full amount under their insurance policies.

Insurance proceeds have already been received from several insurers and full payment is expected to be delivered within 30 days. Maxar will use the proceeds to invest in its pre-existing capital priorities, including the development of its innovative WorldView Legion constellation.

The operations of DigitalGlobe, SSL and Radiant Solutions were unified under the Maxar brand in February; MDA continues to operate as an independent business unit within the Maxar organization.

 

Subscribe to talksatellite weekly newsletter - circ@talksatellite.com