Maxar Appoints Chris Johnson to Lead Space Programs

Rhea-AI Summary

Maxar Technologies (NYSE:MAXR) announced the appointment of Chris Johnson as Senior Vice President of Space Programs Delivery, effective May 24. Johnson, formerly president of Boeing Satellite Systems International, brings substantial experience in satellite manufacturing and business transformation. He will oversee design, manufacturing, and delivery operations involving 1,900 employees across multiple facilities. His leadership is expected to enhance Maxar’s capabilities in space technologies and support growth in both commercial and government sectors, following Paul Estey's interim leadership since January 2021.

Positive

• Chris Johnson's appointment brings extensive industry experience from Boeing, potentially enhancing operational efficiency.
• Expected growth in Maxar's space business with Johnson's leadership could lead to innovative solutions for customers.

Negative

• Concerns regarding continuity and experience gaps after the interim leadership of Paul Estey.

Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space technologies, today announced that Chris Johnson will join the company as Senior Vice President of Space Programs Delivery (SPD), effective May 24.

Johnson most recently served as president of Boeing Satellite Systems International, Inc., where he was responsible for strategy, capture, development and manufacturing of Boeing’s commercial satellite business. In that role he led a successful business transformation that reduced balance sheet risk, improved profitability, refined product strategy and modernized manufacturing approaches. Prior to that, Johnson was vice president of Boeing’s commercial satellite services division and held a number defense and intelligence-related engineering management and business development roles at the company. He has a Master of Business Administration and a Master of Science in systems architecting and engineering from the University of Southern California and a Bachelor of Science in Mechanical Engineering from the University of Kansas.

In his new role leading the SPD organization at Maxar, Johnson will oversee design, manufacturing, integration, test and delivery for the company’s portfolio of space platforms and space-based robotics systems. He will lead a team of 1,900 employees at the company’s Palo Alto, San Jose and Pasadena facilities. Johnson succeeds Paul Estey, who has led SPD on an interim basis since January 29, 2021.

“We are exceptionally pleased to have a leader of Chris’s caliber join Maxar’s executive leadership team and take on this critical role,” said Dan Jablonsky, Maxar CEO. “His track record of performance and deep understanding of every aspect of satellite manufacturing and space programs will be invaluable as we continue to grow our space business and deliver innovative, reliable and cost-effective solutions for our commercial and government customers.”

“Maxar has a 40-year heritage in commercial space and is rapidly becoming an indispensable asset to U.S. strategic programs,” said Chris Johnson. “It is a privilege to lead Maxar’s space teams as we continue to deliver for our customers, drive innovation, streamline operations and take on new customer missions.”

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 4,300 team members in over 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.

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/20210429005352/en/

FAQ

What is the significance of Chris Johnson's appointment at Maxar Technologies?

Chris Johnson's appointment as Senior VP of Space Programs Delivery is significant due to his extensive experience in satellite manufacturing, which is expected to drive innovation and enhance operational efficiency at Maxar.

When did Chris Johnson start his role at Maxar?

Chris Johnson is set to begin his role as Senior Vice President of Space Programs Delivery at Maxar Technologies on May 24.

Who did Chris Johnson succeed at Maxar?

Chris Johnson succeeded Paul Estey, who served as the interim leader of Space Programs Delivery since January 29, 2021.

What was Chris Johnson's role before joining Maxar?

Before joining Maxar, Chris Johnson was the president of Boeing Satellite Systems International, where he managed the commercial satellite business and led significant business transformations.

How many employees will Chris Johnson oversee at Maxar?

Chris Johnson will oversee a team of 1,900 employees at Maxar's facilities in Palo Alto, San Jose, and Pasadena.