Maxar Technologies, a global technology innovator powering the new space economy, today 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.
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Lockheed Martin develops world-first LTE-Over-Satellite System
Valley Forge PA (SPX) Mar 14, 2019
Lockheed Martin has developed a new LTE-over-Satellite system designed to provide connectivity to remote regions, including areas without cellphone coverage, boats off-shore, or during natural disasters like hurricanes, wildfires, earthquakes, catastrophic floods or volcanoes. New hotspots connect existing phones to satellites for reliable 4G connections.
"When disaster strikes, cell phone networks often go down - whether because of the event or because of the sheer volume of traffic," said Maria ... read more
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