MAXR - Maxar reserves spring launch for WorldView Legion

Maxar Technologies (NYSE:MAXR) has set a spring date for the first launch of its WorldView Legion satellites. The company has reserved with SpaceX (SPACE) a window of May 15-June 13 to launch the first two WorldView Legion satellites of a planned six. The new satellites will fly in both polar and mid-inclination orbits, offering 30 cm-class resolution that the company notes historically brings better price levels. And more satellites in mid-inclination will bring more capacity for imagery in high demand, given 95% of the world's population lives between the 50-degree latitude lines. “Testing of the first satellites is under way and given the criticality of this mission and a potentially crowded SpaceX manifest this spring, it was important to secure this launch window," says Maxar's senior VP of Space, Chris Johnson. After hours: MAXR +0.9%.

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Maxar reserves spring launch for WorldView Legion