Maxar Penalized for Jupiter 3 Delivery Delays
Ongoing delays in delivery of EchoStar's Jupiter 3 satellite by Maxar Space has the satellite maker providing EchoStar with nearly $59 million in discounts and agreeing to pay more damages in the event of further delays, EchoStar said in an…
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SEC filing Tuesday. It said it and Maxar also agreed EchoStar has a right to terminate the order starting Jan. 1, 2024, if the satellite hasn't been delivered. EchoStar said it still expects to launch in the first half of 2023.