Investments	3 Months Ended
Mar. 31, 2020
Investments
Investments	8. INVESTMENTS Short-term investments consist of mutual funds and financial instruments purchased with a term to maturity at inception between three months and one year. Short-term investments are measured at fair value through net income. Short-term investments are included within Prepaid and other current assets in the Unaudited Condensed Consolidated Balance Sheets. The Company has investments in joint ventures where it does not have a controlling financial interest but has the ability to exercise significant influence. These investments are accounted for under the equity method and are included within Other non-current assets in the Unaudited Condensed Consolidated Balance Sheets. The Company’s share of the joint venture’s net income or loss is included within Equity in (income) loss from joint ventures, net of tax in the Unaudited Condensed Consolidated Statements of Operations. The Company’s most significant joint venture is Vricon Inc. (“Vricon”), a joint venture with Saab AB, specializing in the production of 3D models using high resolution imagery. The Company has an ownership interest of approximately 50% in Vricon. Both Maxar and Saab AB act as resellers of Vricon’s products. In the year ended December 31, 2019, Vricon recorded revenues from Maxar and Saab AB of $3 million and $15 million, respectively. Of these sales, Maxar had completed all of its sales to the end customer as of December 31, 2019. As of March 31, 2020, Saab AB has $14 million remaining of the 2019 sales which have not been sold to the end customer. Vricon revenues from Maxar and Saab AB for the three months ended March 31, 2020, were insignificant.

Investments

3 Months Ended

Mar. 31, 2020

8. INVESTMENTS

Short-term investments consist of mutual funds and financial instruments purchased with a term to maturity at inception between three months and one year. Short-term investments are measured at fair value through net income. Short-term investments are included within Prepaid and other current assets in the Unaudited Condensed Consolidated Balance Sheets.

The Company has investments in joint ventures where it does not have a controlling financial interest but has the ability to exercise significant influence. These investments are accounted for under the equity method and are included within Other non-current assets in the Unaudited Condensed Consolidated Balance Sheets. The Company’s share of the joint venture’s net income or loss is included within Equity in (income) loss from joint ventures, net of tax in the Unaudited Condensed Consolidated Statements of Operations.

The Company’s most significant joint venture is Vricon Inc. (“Vricon”), a joint venture with Saab AB, specializing in the production of 3D models using high resolution imagery. The Company has an ownership interest of approximately 50% in Vricon. Both Maxar and Saab AB act as resellers of Vricon’s products. In the year ended December 31, 2019,

Vricon recorded revenues from Maxar and Saab AB of $3 million and $15 million, respectively. Of these sales, Maxar had completed all of its sales to the end customer as of December 31, 2019. As of March 31, 2020, Saab AB has $14 million remaining of the 2019 sales which have not been sold to the end customer. Vricon revenues from Maxar and Saab AB for the three months ended March 31, 2020, were insignificant.