Maxar Technologies Declares Coronavirus a "Force Majeure Event" Delaying Satellite Deliveries
Citing the expanding contagion of COVID-19, Maxar Technologies (NYSE: MAXR) has invoked the disease as a "force majeure" that may relieve it of contractual obligations to deliver certain satellites and other spacecraft to its customers on time.
Maxar revealed its decision on in a Friday 8-K filing with the Securities and Exchange Commission. Maxar "has no confirmed cases of the illness among our workforce," said the company, and "all Maxar locations remain operational through a combination of work from home (WFH) and limited personnel working onsite for essential operations."
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Source Fool.com
