Maxar Technologies a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced it was awarded a U.S. Army contract worth as much as $48.3 million for support services in geospatial intelligence . The U.S. Army Combat Capabilities Development Command C5ISR Center, Intelligence & Information Warfare Directorate awarded Maxar the Small Business Innovation Research Phase III contract ...

Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced it was awarded a U.S. Army contract worth as much as $48.3 million for support services in geospatial intelligence (GEOINT).

The U.S. Army Combat Capabilities Development Command C5ISR Center, Intelligence & Information Warfare Directorate awarded Maxar the Small Business Innovation Research (SBIR) Phase III contract in support of Army operations and intelligence to include Combatant Commands and other government stakeholders. Support services will include gathering, analyzing and manipulating GEOINT and other intelligence sources as the basis for predictive analysis tools and algorithms, including Maxar's Signature Analyst , a predictive analytics tool developed under a SBIR Phase I and Phase II program.

The utility and scalability of Signature Analyst predictive models rely on the quality and quantity of geospatial content. In addition to predictive models, this effort will enhance predictive geospatial modeling with innovative and scalable methods for geospatial data creation, assimilation and conflation, as well as further the incorporation of additional data sources and dissemination and management tools.

"Maxar is proud to support the U.S. Army customer and Combatant Commands in their critical national security missions," said Tony Frazier, Maxar's Executive Vice President of Global Field Operations. "Predictive geospatial modeling is an essential component of military modernization and Joint All-Domain Command and Control efforts. We look forward to advancing Maxar technology and proven intelligence assets such as Signature Analyst through this continued research effort."

The Phase III contract includes two base and three option years. Work under the initial contract will be performed through March 4, 2023.

About Maxar

Maxar is a trusted partner and innovator in Earth Intelligence and Space Infrastructure. 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 4,300 team members in over 20 global locations are inspired to harness the potential of space to help our customers create a better world. Maxar trades on the New York Stock Exchange and Toronto Stock Exchange as MAXR. 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.

Forward-looking statements are subject to various risks and uncertainties which could cause actual results to differ materially from the anticipated results or expectations expressed in this presentation. As a result, although management of the Company believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. The risks that could cause actual results to differ materially from current expectations include, but are not limited to, the risk factors and other disclosures about the Company and its business included in the Company's continuous disclosure materials filed from time to time with U.S. securities and Canadian regulatory authorities, which are available online under the Company's EDGAR profile at www.sec.gov , under the Company's SEDAR profile at www.sedar.com or on the Company's website at www.maxar.com .

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.

Investor Relations Contact:
Jason Gursky
Maxar VP, Investor Relations and Corporate Treasurer
1-303-684-2207
jason.gursky@maxar.com

Media Contact:
Kristin Quinn Cody
Maxar Media Relations
1-703-350-6753
Kristin.cody@maxar.com

News Provided by Business Wire via QuoteMedia

robotic arm above a globe showing Australia

5 Top ASX Robotics Stocks

Robotics is a growing area of engineering and science technology. Although Australia is hoping to lead the way in robotics, the number of pure-play ASX-listed robotics companies isn't all that big.

Robotics is a broad term covering everything from design to the construction and operation of robots. It also includes the use of robots in roles normally played by humans, often to reduce errors or speed up processes.

This list includes a wide range of ASX-listed companies that employ robotics. Data was sourced using TradingView's stock screener on November 24, 2021, and stocks are listed in order of market cap from largest to smallest.

Keep reading... Show less

Maxar CTO Dr. Walter Scott Awarded the David W. Thompson Lecture in Space Commerce by the American Institute of Aeronautics and Astronautics

Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, celebrates Dr. Walter Scott, Executive Vice President and Chief Technology Officer, for being awarded the David W. Thompson Lecture in Space Commerce by the American Institute of Aeronautics and Astronautics (AIAA). The lectureship recognizes a prominent industry leader who has created a space-related business and generated substantial economic benefits and market value.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211116005515/en/

Keep reading... Show less

How to Invest in Robotics

The robotics industry is one of the largest markets in the technology space today, with applications across diverse sectors. This diversity may leave market watchers wondering how to invest in robotics.

In simple terms, robotics is defined as the "science and technology behind the design, manufacturing and application of robots." Robots themselves are described as devices that can perform tasks the same way people do, but without the assistance of human interaction. Unsurprisingly, some have predicted that a "robot revolution" will completely change the global economy over the next 20 years or so.

With the rise of robotics all but guaranteed, the Investing News Network has put together a brief overview of the sector, including how to invest in robotics for beginners.

Keep reading... Show less

Maxar Technologies Reports Third Quarter 2021 Results

Maxar Technologies (NYSE:MAXR) (TSX:MAXR) ("Maxar" or the "Company"), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced financial results for the quarter ended September 30, 2021. All dollar amounts in this press release are expressed in U.S. dollars, unless otherwise noted.

Key points from the quarter include:

Keep reading... Show less

Maxar Appoints Thomas Whayne Chief Strategy Officer

Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced that Thomas Whayne has joined the company as Chief Strategy Officer. In this role, Whayne will work with Maxar's leadership team to drive Maxar's long-range growth and lead Maxar's corporate strategy, corporate development, strategic investments, as well as mergers and acquisitions.

He most recently served as the Chief Financial Officer at OneWeb from 2018 to 2021, where he led efforts to raise more than $3 billion of capital to fund their development of a global broadband communications constellation in Low Earth Orbit.

Keep reading... Show less

Maxar Technologies Third Quarter 2021 Investor Call Scheduled for Wednesday, November 3, 2021

Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, plans to release its third quarter 2021 financial results after the market closes on Wednesday, November 3, 2021.

Maxar President and Chief Executive Officer, Dan Jablonsky, and Executive Vice President and Chief Financial Officer, Biggs Porter, will host an earnings conference call the same day, reviewing the third quarter results, followed by a question-and-answer session. The call is scheduled to begin promptly at 3:00 p.m. MT (5:00 p.m. ET).

Keep reading... Show less

Top News

Related News