Maxar Technologies Ltd. (NYSE:MAXR) Q2 2020 Earnings Conference Call - Final Transcript

Aug 05, 2020 • 05:00 pm ET

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Maxar Technologies Ltd. (NYSE:MAXR) Q2 2020 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Ladies and gentlemen, thank you for standing by and welcome to the Maxar Technologies Q2 2020 Earnings Call. [Operator Instructions] After the speakers presentation there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the conference over to Mr. Jason Gursky, Vice President of Investor Relations and Treasurer. Thank you. Please go ahead.

Executive
Jason Gursky

Good afternoon, and thanks, operator. Welcome to Maxar's second quarter 2020 earnings conference call. I'm joined today by the company's Chief Executive Officer, Dan Jablonsky; and its Chief Financial Officer, Biggs Porter. Both are going to make some opening remarks, after which, we're going to open up the line for your questions. We're shooting to wrap up the call in about an hour.

Before we get started, I'd like to refer listeners to the accompanying slides for today's call, which can be found on the company's website, maxar.com, in the Investor Events & Presentations section of the site. Once there, please turn to Slide two. What I would like to remind you that part of today's discussion, including responses to various questions may contain forward-looking statements, which represent the company's estimates, future plans, objectives and expected performance at today's date.

These statements are based on current assumptions that the company believes are reasonable, but are subject to a wide range of uncertainties and risks that could lead actual results to differ materially from the forward-looking information. You are referred to the advisory regarding forward-looking statements contained in our quarterly earnings release, the earnings call's slide deck and the company's most recent MD&A section found in Form 10-Q, which is available online under the company's SEDAR profile at sedar.com, under the company's EDGAR profile at sec.gov or on the company's website at maxar.com.

With that, I'd like to turn the discussion over to Dan. Dan, go ahead.

Executive
Daniel L. Jablonsky

Thanks, Jason, and good afternoon, everyone. We appreciate you joining us for a review of our second quarter results and an update on our outlook. Importantly, I hope this call finds you and your family safe and healthy. As you are all aware, the world continues to combat the coronavirus outbreak and our objective at Maxar is to ensure the health and welfare of our employees and their families, our customers and our communities. We remain focused on protecting our workforce, while producing the products and solutions needed by our partners to complete their critical missions.

I'm pleased to report that all Maxar locations remain operational, through a combination of work from home and limited personnel working on site. I remain encouraged by the tremendous efforts of Maxar team members to continue delivering on essential services while minimizing risk to employees and our communities.

As I mentioned last quarter, we identified four primary risk areas related to COVID. Supply chain, workforce productivity, longer sales cycles and constrained capacity to fulfill contracts given social distancing restrictions. We're also closely watching trends on infection rates, vaccine development efforts, and anticipating the impact that back-to-school protocols could have on our teammates