Maxar Technologies (TSX:MAXR)
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2 Months : From Sep 2019 to Nov 2019
Maxar simplifies, speeds access to critical geospatial data for government customers
Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced that it has been awarded a $14.2 million contract to develop Red Wing, an automated, cloud-based geospatial intelligence (GEOINT) analysis architecture for the Air Force Research Laboratory.
While data is the critical fuel for geospatial analysts, the ever-increasing volume of available information requires increased levels of automation and more efficient workflows. Maxar’s Red Wing architecture will enable analysts to focus on addressing some of the most challenging intelligence problems by automating time-consuming workflows. Red Wing will also enhance and optimize the production of actionable insights from raw information through advanced exploitation and visualization services and edge node processing. For ease of use, Maxar is designing the architecture to integrate with legacy systems.
Red Wing also expands the use of Amazon managed services through careful assessment of emerging offerings with the goals of improving resiliency, reducing cost and reducing exposure to cyber threats.
“Maxar’s broad portfolio of imagery and analytics products simplifies and speeds access to critical information, empowering customers to be more predictive in their decisions and more productive in their daily operations,” said Tony Frazier, Maxar’s Executive Vice President of Global Field Operations. “Red Wing will help to rapidly equip the warfighter with actionable insights to solve dynamic and complex intelligence problems at scale.”
The operations of DigitalGlobe, SSL (Space Systems Loral) and Radiant Solutions were unified under the Maxar brand in February; MDA continues to operate as an independent business unit within the Maxar organization.
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 5,900 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.
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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