Why did the Maxar Technologies Inc. (MAXR) share price fluctuate on Thursday?

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Shares of Maxar Technologies Inc. (MAXR) climbed 4.50% after hours on Thursday July 15, 2021 and closed at $ 34.61 per share. Earlier in the morning session, MAXR stock fell 2.79% to close Thursday’s session at $ 33.12. MAXR shares have risen 106.10% in the past 12 months and are down 7.23% last week. In the past three months the stock has lost 10.75%, while in the past six months it has lost 14.90%.

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Let’s see what has been going on with MAXR in the recent past?


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Announcement of upcoming financial results

Maxar Technologies will report its second quarter 2021 financial results after market close on Wednesday August 4, 2021.

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A earnings conference call will be hosted the same day at 3:00 p.m. MT (5:00 p.m. ET) by Maxar President and CEO Daniel Jablonsky and Executive Vice President and CFO Biggs Porter.

PPE for NASA has passed its PDR

On July 12, 2021, Maxar Technologies announced that the Power and Propulsion Element (PPE) it is developing for NASA’s Lunar Gateway has passed its first Preliminary Design Review (PDR) and remains on track for a launch in 2024.

Maxar’s PPE is the backbone of the bridge, providing power, maneuver, attitude control and communication systems for the lunar orbiting outpost.

WorldView Legion Access Agreement

On July 7, 2021, Maxar Technologies signed a contract for the capacity of the WorldView Legion satellite constellation as part of an expanded agreement with key international defense and intelligence customers.

The multi-year, $ 35 million contract will provide direct access to Maxar’s pioneering WorldView Legion satellite constellation to key customers.

Maxar is recognized as a trusted name in Earth intelligence and space infrastructure around the world. The company provides breakthrough technologies to enhance national intelligence with commercial imagery and expertise by harnessing the world’s most sophisticated terrestrial imaging satellite constellation.

3D data delivered to the Australian Department of Defense

On June 24, 2021, Maxar Technologies announced that it had delivered high-resolution 3D data and satellite imagery products to the Australian Department of Defense under recent multi-million dollar contracts.

Participation in the recent investor conference

Maxar Technologies recently participated in the UBS Global Industrials and Transportation virtual conference held on June 8, 2021.

The company also participated in the BofA Securities 2021 Transportation, Airlines, and Industrials conference held on May 20, 2021.

New appointment

On May 11, 2021, Maxar Technologies appointed Daniel Nord as Senior Vice President, Chief Product Officer. He took up his new duties on May 24, 2021.

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Conclusion

There is no recent news or developments regarding MAXR’s mixed performance on Thursday, so we don’t know how MAXR will end weekly trading.


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