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Intelsat (NYSE: I) has selected Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, to manufacture Intelsat 40e, a next-generation geostationary communications satellite scheduled to launch in 2022. Maxar will integrate NASA’s Tropospheric Emissions: Monitoring of Pollution (TEMPO) payload with the Intelsat 40e satellite.
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Maxar will build the Intelsat 40e geostationary communications satellite and integrate NASA’s TEMPO payload with it. Image: Maxar Technologies
“When it’s launched, Intelsat 40e will be the newest addition to our next-generation Intelsat Epic platform, which is already providing our global customers with flexible, high-performance connectivity they can count on today – and in the future,” said Intelsat CEO Stephen Spengler. “Intelsat continuously invests in innovative new satellite and hybrid technologies that make it easy and affordable for our customers to connect people, devices and networks, even in the most remote locations. We look forward to partnering with Maxar on this next build.”
Based on Maxar’s proven 1300-class satellite platform and Intelsat Epic, Intelsat 40e will provide Intelsat customers across North and Central America with flexible, high-throughput, “coast-to-coast” coverage. The additional capacity will also support the growing number of customers utilizing Intelsat managed-service offerings, including those working with Intelsat to solve connectivity challenges for commercial and private planes, moving vehicles on land and other mobility applications.
In 2019, NASA selected Maxar to host its TEMPO payload utilizing the Space and Missile Systems Center Hosted Payload Solutions (HoPS) contract vehicle. Now that Maxar has identified Intelsat 40e as the satellite, the company will begin the integration process. TEMPO is a UV-visible spectrometer that will detect pollutants by measuring sunlight reflected and scattered from the Earth’s surface and atmosphere. The resulting data from TEMPO will be used to enhance air-quality forecasts in North America, enabling the more effective early public warning of pollution incidents. The combined Intelsat 40e and TEMPO programs are expected to be accretive to Maxar’s earnings and cash flow on an annual basis throughout the production process.
“Maxar and Intelsat have a strategic partnership that goes back more than 40 years, and we are honored to have been chosen for Intelsat 40e – the 54th satellite that Maxar will build for Intelsat over the course of our long and successful history together,” said Maxar CEO Dan Jablonsky. “Maxar is also honored to have collaborated with NASA for more than 50 years, and we are excited to leverage our strong legacy in bridging commercial and government needs to integrate the agency’s TEMPO payload with Intelsat 40e. Maxar’s recent work with NASA on TEMPO and several other Space Infrastructure missions demonstrate positive momentum for our expanding civil space portfolio.”
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 5,800 team members in 30 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.
As the foundational architects of satellite technology, Intelsat operates the largest, most advanced satellite fleet and connectivity infrastructure in the world. We apply our unparalleled expertise and global scale to reliably and seamlessly connect people, devices and networks in even the most challenging and remote locations. Transformation happens when businesses, governments and communities build a ubiquitous connected future through Intelsat’s next-generation global network and simplified managed services. At Intelsat, we turn possibilities into reality. Imagine Here, with us, at Intelsat.com.
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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