Maxar Renews Four Multi-Million Dollar International Defense and Intelligence Contracts
July 20 2020 - 6:00AM
Business Wire
Fifth International Defense and Intelligence
Contract Expanded for Greater Access to Maxar’s Industry-Leading
Constellation
Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and
innovator in Earth Intelligence and Space Infrastructure, today
announced it renewed four contracts and expanded a fifth contract
in the second quarter of 2020–together valued at more than $120
million–with international defense and intelligence customers for
uninterrupted access to Maxar’s current satellite constellation.
These contracts, including a one-year agreement and four multi-year
agreements, will allow the customers to continue serving their
countries’ national security and domestic missions, natural
disaster responses and maritime surveillance. One customer has also
contracted Maxar to upgrade its satellite ground station and
antenna.
These customers in the Middle East and Asia utilize Maxar’s
Direct Access Program, which provides guaranteed access via a
ground station to Maxar’s world-class Earth imaging satellites. The
Maxar constellation, consisting of WorldView-1, GeoEye-1,
WorldView-2 and WorldView-3, collect the highest resolution and
most accurate satellite imagery commercially available. The
upcoming six WorldView Legion satellites, which will start
launching in the first half of 2021, will triple Maxar’s 30 cm and
multispectral imagery and will enable the company to increase its
revisit to up to 15 times per day. WorldView Legion will maintain
Maxar’s industry-leading geometric accuracy, enabling entirely new
use cases for satellite imagery and near-real time detection of
change on the Earth’s surface.
“Maxar is committed to serving our strategic international
defense and intelligence customers with access to mission-critical
satellite imagery through the Direct Access Program,” said Tony
Frazier, Maxar’s Executive Vice President of Global Field
Operations. “We are proud of our 20-plus year track record
supporting these United States allies and our continued role
delivering Maxar capabilities as an essential part of their
national security architectures.”
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20200720005035/en/
Investor Relations Contact: Jason Gursky Maxar VP
Investor Relations 1-303-684-2207 jason.gursky@maxar.com
Media Contact: Kristin Carringer Maxar Media Relations
1-303-684-4352 kristin.carringer@maxar.com
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