MIAMI — Maxar Technologies, which will lay off more than 200 people as it seeks to return to profitability following a $1.26 billion loss, says the struggling satellite division it decided to keep will need to bring in roughly $500 million annually to break even.

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Caleb Henry is a former SpaceNews staff writer covering satellites, telecom and launch. He previously worked for Via Satellite and NewSpace Global.He earned a bachelor’s degree in political science along with a minor in astronomy from Grove City College.