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Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced that it was selected by the U.S. Space Force to develop prototype mission data processing applications for the Future Operationally Resilient Ground Evolution Mission Data Processing (FORGE MDP) program located within the Cross-Mission Ground & Communications Enterprise at the Space & Missile Systems Center.
Maxar's prototype applications will provide rapid mission data processing and dissemination services for Overhead Persistent Infrared (OPIR) data from the Space-Based Infrared System (SBIRS) satellites. The contract is valued at $8.5 million over 12 months and was awarded through the Space Enterprise Consortium , managed by Advanced Technology International .
The U.S. Space Force is responsible for processing and managing increasingly large amounts of data from its satellite constellations. FORGE MDP will modernize and streamline the existing ground system into an architecture that is open, scalable, modular and resilient to meet next-generation mission requirements and exploit data from future satellite constellations. As an essential component of FORGE MDP, Maxar's applications rapidly process satellite data to provide missile warning and other mission-critical notifications.
To create its solution, Maxar assembled an experienced team of industry-recognized technical and programmatic experts in OPIR data processing, distributed tracking and data fusion and UI development, which includes Numerica , Sandia National Laboratories and the University Corporation for Atmospheric Research .
"Maxar has decades of commercial expertise in geospatial information and analytics, satellite technology and ground processing systems," said Tony Frazier, Maxar's Executive Vice President of Global Field Operations. "We're honored to leverage this experience, in combination with the world-class experience of our subcontractors, to deliver innovative solutions that support national security and a more resilient American space enterprise."
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 4,000 team members in 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.
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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
