Dan Jablonsky, president and CEO of Maxar Technologies, said he is optimistic that the company will return to growth and “excited about the trend lines“ he is seeing in its satellite business driven by an increase in government work in the U.S. and overseas, SpaceNews reported Sunday.
“If you look at our stock chart, it's not the prettiest sight in the world. We've had a rough year,“ he said Thursday at the G.research Aerospace and Defense Conference in New York. “This is a reset and stabilization year as we get ready to return to growth on a better, more nimble cost basis and organization model.“
Jablonsky said the company sees growth potential with its work with agencies like the National Geospatial-Intelligence Agency and the National Reconnaissance Office and is seeking more “white space“ business opportunities among civil government agencies.
He said he thinks Maxar would experience a “capex holiday“ once it completes the WorldView Legion satellite system designed to deliver high-resolution images. The company will start launching the satellites in the first quarter of 2021.