WESTMINSTER, Colo.- Maxar Technologies (NYSE:MAXR) (TSX:MAXR) today announced that it has been awarded a study contract with the National Reconnaissance Office (NRO) that will enable the U.S. Government to gain a greater understanding of Maxar’s current and future commercial imagery capabilities. The one-year contract will support the NRO’s efforts to further research and assess the U.S. commercial electro-optical (EO) imagery industrial base’s ability to task, collect, process and deliver satellite imagery.
As previously announced, Maxar signed a three-year extension of its existing EnhancedView Service Level Agreement (SLA) with the NRO in November 2018, reinforcing the U.S. Government’s continuing demand for commercial imagery and confidence in Maxar’s current and future capabilities.
“This new study contract with the NRO, coupled with our recent EnhancedView Follow-On agreement, demonstrates that the U.S. Government recognizes the value of procuring commercial satellite imagery both now and into the future,” said Dan Jablonsky, Maxar CEO. “For nearly 20 years, Maxar has been a trusted partner of the U.S. Government, delivering commercial capabilities with superior quality, cost and reliability. We are proud to support the U.S. Government mission and look forward to continuing to work with the NRO as they increasingly adopt commercial imagery.”
The operations of DigitalGlobe, SSL and Radiant Solutions were unified under the Maxar brand in February; MDA continues to operate as an independent business unit within the Maxar organization.
About Maxar Technologies
As a global leader of advanced space technology solutions, Maxar is at the nexus of the new space economy, developing and sustaining the infrastructure and delivering the information, services, systems that unlock the promise of space for commercial and government markets. The operations of DigitalGlobe, SSL and Radiant Solutions were unified under the Maxar brand in February; MDA continues to operate as an independent business unit within the Maxar organization. As a trusted partner with 5,900 employees in over 30 global locations, Maxar provides vertically integrated capabilities and expertise including satellites, Earth imagery, robotics, geospatial data and analytics to help customers anticipate and address their most complex mission-critical challenges with confidence. Every day, billions of people rely on Maxar to communicate, share information and data, and deliver insights that Build 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
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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.
