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Maxar Technologies (NYSE:MAXR) (TSX:MAXR), provider of comprehensive space solutions and secure, precise, geospatial intelligence, today announced contract extensions with three long-standing international defense and intelligence customers.
The three agreements total more than $100 million and extend these customers' ability to directly task and download 30 cm-class satellite imagery to their ground stations from Maxar's current constellation under Maxar's Direct Access Program . This program enables defense, intelligence and commercial customers to access the world's most advanced Earth imaging satellites, with encrypted downlinks, committed availability and data distribution rights that fit mission needs.
One of the contracts provides a commitment to purchase direct access to Maxar's next-generation WorldView Legion satellites, the first of which are expected to launch between May 15-June 13, 2022. This is the company's second commitment for WorldView Legion capacity.
"Maxar's international defense and intelligence customers continue to rely on the unrivaled quality of our imagery to meet critical national security requirements," said Tony Frazier, Maxar EVP of Global Field Operations. "Our long-term partnerships and deep understanding of these customers' missions informed how we designed the WorldView Legion satellites, and we are very encouraged by the demand we're seeing. Increased collection capacity benefits not only monitoring applications, but it will also accelerate our ability to map the globe in 3D, understand precise change and deliver AI-powered insights on mission-relevant timelines."
About Maxar
Maxar Technologies (NYSE:MAXR) (TSX:MAXR) is a provider of comprehensive space solutions and secure, precise, geospatial intelligence. We deliver disruptive value to government and commercial customers to help them monitor, understand and navigate our changing planet; deliver global broadband communications; and explore and advance the use of space. Our unique approach combines decades of deep mission understanding and a proven commercial and defense foundation to deploy solutions and deliver insights with unrivaled speed, scale and cost-effectiveness. Maxar's 4,400 team members in over 20 global locations are inspired to harness the potential of space to help our customers create a better world. For more information, visit www.maxar.com .
Forward-Looking Statements
Certain statements and other information included in this release constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") under applicable securities laws. Statements including words such as "may", "will", "could", "should", "would", "plan", "potential", "intend", "anticipate", "believe", "estimate" or "expect" and other words, terms and phrases of similar meaning are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties, as well as other statements referring to or including forward-looking information included in this presentation.
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The forward-looking statements contained in this release are expressly qualified in their entirety by the foregoing cautionary statements. All such forward-looking statements are based upon data available as of the date of this presentation or other specified date and speak only as of such date. The Company disclaims any intention or obligation to update or revise any forward-looking statements in this presentation as a result of new information or future events, except as may be required under applicable securities legislation.
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Investor Relations Contact:
Jason Gursky
Maxar VP, Investor Relations and Corporate Treasurer
1-303-684-2207
jason.gursky@maxar.com
Media Contact:
Turner Brinton
Maxar Media Relations
1-303-684-4545
turner.brinton@maxar.com
