UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 8.01Other Events.
On January 27, 2021, Sirius XM Holdings Inc. (“Sirius XM”) announced in its public filings with the U.S. Securities and Exchange Commission that there is an evaluation underway to determine the extent of damage to its SXM-7 satellite caused by certain events. The SXM-7 satellite was constructed by Maxar Space LLC (f/k/a Space Systems/Loral, LLC), a wholly-owned subsidiary of Maxar Technologies Inc., and launched by Sirius XM on December 13, 2020.
We are currently assisting Sirius XM in troubleshooting and diagnosing the situation to evaluate the extent of the damage to the SXM-7 satellite and to focus on safely completing the commissioning of the satellite and optimizing its performance. Our contractual arrangements with Sirius XM for the construction of the SXM-7 satellite include industry-standard provisions regarding, among other things, transfer of risk of loss upon launch.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Date: January 27, 2021 | Maxar Technologies Inc. | |
By: | /s/ James C. Lee | |
Name: James C. Lee | ||
Title: Senior Vice President, General Counsel and Corporate Secretary | ||