Item 8.01Other Events.

On January 27, 2021, Sirius XM Holdings Inc. ("Sirius XM") announced in its public filings with the U.S. Securities and Exchange Commission that there is an evaluation underway to determine the extent of damage to its SXM-7 satellite caused by certain events. The SXM-7 satellite was constructed by Maxar Space LLC (f/k/a Space Systems/Loral, LLC), a wholly-owned subsidiary of Maxar Technologies Inc., and launched by Sirius XM on December 13, 2020.

We are currently assisting Sirius XM in troubleshooting and diagnosing the situation to evaluate the extent of the damage to the SXM-7 satellite and to focus on safely completing the commissioning of the satellite and optimizing its performance. Our contractual arrangements with Sirius XM for the construction of the SXM-7 satellite include industry-standard provisions regarding, among other things, transfer of risk of loss upon launch.

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