Maxar Awarded $202M in U.S. Government Mission Support Contracts

Rhea-AI Summary

Maxar Technologies (NYSE:MAXR) announced it secured $202 million in U.S. Government mission support contracts in Q1 2022, spanning six years. The contracts encompass 27 awards from nine U.S. government clients, with eight being Department of Defense or Intelligence Community organizations. Work includes applications in AI, data analytics, software development, and geospatial production. CEO Dan Jablonsky emphasized Maxar's commitment to national security through advanced geospatial intelligence. The company showcases its capabilities at the GEOINT 2022 Symposium in Aurora, Colorado.

Positive

• Awarded U.S. Government contracts totaling $202 million over six years.
• Received 27 awards from nine different U.S. government customers, enhancing revenue visibility.
• Focus on critical domains such as AI, data analytics, and geospatial intelligence increases market relevance.

Negative

• None.

WESTMINSTER, Colo.--(BUSINESS WIRE)-- Maxar Technologies (NYSE:MAXR) (TSX:MAXR), provider of comprehensive space solutions and secure, precise, geospatial intelligence, today announced it was awarded U.S. Government mission support contracts in Q1 2022 worth up to $202 million over a six-year period.

The total includes 27 awards across nine U.S. government customers—eight of which are Department of Defense or Intelligence Community organizations—for work including artificial intelligence and machine learning applications, advanced data analytics, software development, data conditioning, geospatial production and dissemination, maritime domain awareness, and training and development.

“Maxar is honored to support U.S. defense and intelligence customers by delivering a breadth of mission-critical geospatial intelligence and related technologies,” said Maxar CEO Dan Jablonsky. “We're proud to kick off 2022 with a flurry of new and renewed partnerships with our U.S. government partners, and we look forward to continue delivering precise, trusted products and technologies in support of national security missions throughout the year.”

Maxar is exhibiting at the GEOINT 2022 Symposium in Aurora, Colorado, this week, highlighting how the company delivers speed and precision in support of demanding missions. Visit Maxar at booth #411 to learn more.

About Maxar

Maxar Technologies (NYSE:MAXR) (TSX:MAXR) is a provider of comprehensive space solutions and secure, precise, geospatial intelligence. 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 4,400 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/20220425005145/en/

Investor Relations Contact:

Jason Gursky

Maxar VP, Investor Relations and Corporate Treasurer

1-303-684-2207

jason.gursky@maxar.com

Media Contact:

Kristin Quinn Cody

Maxar Media Relations

1-703-350-6753

kristin.cody@maxar.com

Source: Maxar Technologies

FAQ

What contracts did Maxar Technologies secure in Q1 2022?

Maxar Technologies secured U.S. Government contracts worth up to $202 million over a six-year period.

How many awards did Maxar Technologies receive from the U.S. government?

Maxar received 27 awards from nine different U.S. government customers.

What areas do the U.S. Government contracts cover for Maxar?

The contracts cover areas such as AI applications, data analytics, software development, and geospatial production.

Who are the primary clients for Maxar's new contracts?

Eight of the awards are from the Department of Defense or Intelligence Community organizations.

Where is Maxar showcasing its capabilities in 2022?

Maxar is exhibiting at the GEOINT 2022 Symposium in Aurora, Colorado.