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Maxar Technologies

10:03 AM EST - Maxar Technologies : Has begun production on a Legion-class geostationary satellite for Ovzon, a company located in the United States and Sweden dedicated to meeting the demand for increased mobile broadband connectivity in underserved regions. Ovzon selected Maxar in December 2018 to build its first satellite, Ovzon 3, which will provide extremely versatile mobile broadband communications for small vehicles, aircraft and users on-the-move. Now that Ovzon has secured financing to build the satellite, Maxar will begin building it in its Palo Alto, California manufacturing facility. The satellite will be based on the mid-size Legion-class platform, formerly called the SSL-500, and is expected to be launched by SpaceX in 2021. Maxar Technologies
shares T.MAXR are trading down $0.19 at $11.98.