space Technologies has said it will cut staff by 200 to help tackle its $ 1.26bn loss in 2017 . The company said its satellite division will have to sell one to two satellites a year to make $ 500 m annually to break even . The company ’s 2018 revenues were $ 2.14bn , thanks to an acquisition , but it ended 2018 with a profit compared to a $ 58 m profit in 2017 . Its space systems sector reported revenues of $ 250 for 2018 , less than previous revenues , with EBITDA of $ 5 m , compared to $ 160 m the previous two years .
Maxar Technologies has said it will cut staff by 200 to help tackle its $1.26bn loss in 2018. The company said its satellite division will have to sell one to two satellites a year to make $500m annually to break even. The company’s 2018 revenues were $2.14bn, thanks to an acquisition, but it ended 2018 with a loss compared to a $58m profit in 2017. Its space systems sector reported revenues of $1.1bn for 2018, less than previous years, with EBITDA of $5m, compared to $160m the previous two years.