Maxar Technologies (MAXR) Receives Contract to Manufacture Another Geostationary Satellite for Sirius XM (SIRI) - InvestorsObserver

What’s Going on with Maxar Technologies?

Maxar Technologies (MAXR) has just received a new order to manufacture another geostationary communications satellite for long-term client Sirius XM (SIRI). This latest satellite request follows an SXM-9 satellite order that was publicized earlier in August 2021. Pre-market today, MAXR stock increased 2.09%, up to $29.75 per share.

What Does This Mean for MAXR?

Maxar will build an SXM-10 high-powered digital audio radio satellite for SiriusXM. The satellite will be assembled at Maxar’s manufacturing facility, located in Palo Alto, California. Maxar will build the satellite on its 1300-class platform, which is “designed to accommodate evolutionary advances in [satellite] technology.”

“Maxar has been manufacturing communications satellites for SiriusXM for decades, and we’re proud to continue this relationship for both SXM-9 and SXM-10,” Chris Johnson, Maxar’s Senior Vice President of Space Programs Delivery, commented in a company press release.

MAXR has a Fundamental Rank of 49. Find out what this means to you and get the rest of the rankings on MAXR!

Maxar Technologies Inc is an integrated space and geospatial intelligence company with a full range of space technology solutions for commercial and government customers including satellites, Earth imagery, geospatial data and analytics.

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