Maxar shares plunge after earnings miss, satellite division writedown
David Milstead, The Globe and Mail, p. B1
Maxar Technologies Ltd., the former MacDonald Dettwiler & Associates Inc., saw its share price collapse on Wednesday on an earnings miss and a writedown that was an acknowledgment that one of its satellite businesses may never recover.
Maxar shares declined almost 45 per cent to close at $19.68, trading at record lows in the session. It is now almost 80 per cent below its 52-week high of $86.67.