Maxar Awarded Contract to Support GEOINT Exploitation for U.S. Army and Combatant Commands

Rhea-AI Summary

Maxar Technologies (NYSE:MAXR) has secured a U.S. Army contract valued at up to $48.3 million for geospatial intelligence support services. This Phase III contract, awarded by the Army Combat Capabilities Development Command, will provide services including data analysis for predictive modeling tools like Maxar's Signature Analyst. The contract spans two base years and three option years, with work commencing until March 4, 2023. Maxar aims to enhance military intelligence capabilities through advanced geospatial modeling.

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• Awarded a U.S. Army contract worth up to $48.3 million.
• The contract supports crucial national security missions.
• Enhances predictive geospatial modeling capabilities.

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• None.

Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced it was awarded a U.S. Army contract worth as much as $48.3 million for support services in geospatial intelligence (GEOINT).

The U.S. Army Combat Capabilities Development Command C5ISR Center, Intelligence & Information Warfare Directorate awarded Maxar the Small Business Innovation Research (SBIR) Phase III contract in support of Army operations and intelligence to include Combatant Commands and other government stakeholders. Support services will include gathering, analyzing and manipulating GEOINT and other intelligence sources as the basis for predictive analysis tools and algorithms, including Maxar’s Signature Analyst, a predictive analytics tool developed under a SBIR Phase I and Phase II program.

The utility and scalability of Signature Analyst predictive models rely on the quality and quantity of geospatial content. In addition to predictive models, this effort will enhance predictive geospatial modeling with innovative and scalable methods for geospatial data creation, assimilation and conflation, as well as further the incorporation of additional data sources and dissemination and management tools.

“Maxar is proud to support the U.S. Army customer and Combatant Commands in their critical national security missions,” said Tony Frazier, Maxar’s Executive Vice President of Global Field Operations. “Predictive geospatial modeling is an essential component of military modernization and Joint All-Domain Command and Control efforts. We look forward to advancing Maxar technology and proven intelligence assets such as Signature Analyst through this continued research effort.”

The Phase III contract includes two base and three option years. Work under the initial contract will be performed through March 4, 2023.

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.

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FAQ

What is the value of the contract awarded to Maxar Technologies?

The contract awarded to Maxar Technologies is valued at up to $48.3 million.

What services will Maxar provide under the U.S. Army contract?

Maxar will provide geospatial intelligence support services, including gathering and analyzing GEOINT data.

How long does the Maxar U.S. Army contract last?

The contract includes two base years and three option years, with initial work performed through March 4, 2023.

What predictive tool is associated with the Maxar contract?

The contract involves Maxar's Signature Analyst, a predictive analytics tool for geospatial modeling.

Which government agency awarded the contract to Maxar Technologies?

The contract was awarded by the U.S. Army Combat Capabilities Development Command.