Maxar Awarded Contract to Build Sixth Geostationary Communications Satellite for Intelsat in 2020
September 17 2020 - 6:45AM
Business Wire
Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and
innovator in Earth Intelligence and Space Infrastructure, today
announced it will build the Galaxy 37 geostationary communications
satellite for Intelsat, operator of the world’s largest integrated
satellite and terrestrial network. Galaxy 37 is the sixth Intelsat
geostationary communications satellite awarded to Maxar in
2020.
Galaxy 37 will join four previously ordered satellites from
Maxar in helping Intelsat transition its existing media
distribution and contribution services–uninterrupted–from the 3.7
to 4.0 gigahertz portion of the C-band, to the 4.0 to 4.2 gigahertz
portion of the band, freeing up spectrum for 5G terrestrial
wireless services.
Galaxy 37 will be based on Maxar’s proven 1300-class spacecraft
platform, which offers the flexibility and power for a broad range
of customer missions. The satellite is scheduled for delivery in
2023.
“With a relationship dating back to the 1970s, Intelsat has
procured 59 spacecraft from Maxar,” said Megan Fitzgerald, Maxar’s
Senior Vice President of Space Programs Delivery. “We’re delighted
to add Galaxy 37 to the five other spacecraft we’re currently
building for Intelsat.”
“Maxar has been a trusted and reliable partner in delivering
world-class spacecraft to Intelsat for many years,” said Mike
DeMarco, Intelsat Chief Services Officer. “We look forward to
working with them on Galaxy 37, which will play an essential role
in our U.S. C-band clearing strategy.”
In addition to the five C-band satellites Intelsat has ordered
from Maxar in 2020 to support their C-band spectrum transition, the
company also contracted Maxar to manufacture its next-generation
Intelsat 40e geostationary communications satellite.
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.
About Intelsat
As the foundational architects of satellite technology, Intelsat
operates the world’s largest and most advanced satellite fleet and
connectivity infrastructure. We apply our unparalleled expertise
and global scale to connect people, businesses and communities, no
matter how difficult the challenge. Intelsat is uniquely positioned
to help our customers turn possibilities into reality –
transformation happens when businesses, governments, and
communities use Intelsat’s next-generation global network and
managed services to build their connected future. Imagine here,
with us, at www.intelsat.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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200917005281/en/
Investor Relations Contact: Jason Gursky Maxar VP,
Investor Relations and Corporate Treasurer 1-303-684-2207
jason.gursky@maxar.com
Media Contact: Kristin Carringer Maxar Media Relations
1-303-684-4352 kristin.carringer@maxar.com
Maxar Technologies (TSX:MAXR)
Historical Stock Chart
From Aug 2024 to Sep 2024
Maxar Technologies (TSX:MAXR)
Historical Stock Chart
From Sep 2023 to Sep 2024