Maxar Awarded G-EGD Contract Renewal for Mission-Ready Satellite Imagery by U.S. Government

Rhea-AI Summary

Maxar Technologies (NYSE:MAXR) has received a contract renewal from the U.S. National Geospatial-Intelligence Agency (NGA) for the Global Enhanced GEOINT Delivery (G-EGD) program, valued at $44 million. This renewal marks the second of three option years in a contract totaling up to $176 million. Maxar will provide over 400,000 U.S. government users with access to high-resolution commercial imagery and a 125-petabyte historical imagery library, crucial for national security and humanitarian missions.

Positive

• Contract renewal valued at $44 million, ensuring revenue continuity.
• Continued access to over 400,000 U.S. government users, expanding client base.
• Support for national security and humanitarian missions enhances company's reputation.

Negative

• None.

WESTMINSTER, Colo.--(BUSINESS WIRE)-- Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced it has been awarded an Option Year 2 contract renewal by the U.S. National Geospatial-Intelligence Agency (NGA) for the Global Enhanced GEOINT Delivery (G-EGD) program. The contract, which began September 1, 2021, is valued at $44 million. This is the second of three option years for the contract, which has a total value of up to $176M.

With this award, Maxar will continue to provide more than 400,000 U.S. government users with unclassified, online and offline, on-demand access to high-resolution commercial imagery from Maxar in addition to geospatial data from other industry providers. Since 2011, the G-EGD program has enabled warfighters, first responders, intelligence analysts and civil government users to tap into Maxar’s 125-petabyte historical imagery library and daily imagery collections for time-sensitive, mission-critical planning and operations.

“The G-EGD platform provides U.S. and allied users with access to geospatial intelligence from a variety of industry providers at locations around the globe,” said Dan Jablonsky, Maxar CEO. “This ‘one-stop shop’ for commercial imagery access across federal agencies and military branches is an essential element for many national security and humanitarian missions. Maxar is proud to continue supporting warfighters and analysts with the information and insight to make confident decisions.”

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 4,400 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.

About NGA

NGA delivers world-class geospatial intelligence that provides a decisive advantage to policymakers, warfighters, intelligence professionals and first responders.

NGA is a unique combination of intelligence agency and combat support agency. It is the world leader in timely, relevant, accurate and actionable geospatial intelligence. NGA enables the U.S. intelligence community and the Department of Defense to fulfill the president’s national security priorities to protect the nation.

For more information about NGA, visit us online at www.nga.mil, Facebook, Twitter, Flipboard, SoundCloud or YouTube.

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/20211004005173/en/

Investor Relations Contact:

Jason Gursky

Maxar VP, Investor Relations and Corporate Treasurer

1-303-684-2207

jason.gursky@maxar.com

Media Contact:

Kristin Q. Cody

Maxar Media Relations

1-703-350-6753

kristin.cody@maxar.com

Source: Maxar Technologies

FAQ

What is the value of the new contract awarded to Maxar Technologies in 2023?

The contract is valued at $44 million.

How many U.S. government users will have access to Maxar's services under the new contract?

Over 400,000 U.S. government users will have access.

What is the total potential value of the G-EGD contract with NGA?

The total potential value of the contract is up to $176 million.

When did the G-EGD program contract with NGA initially begin?

The contract began on September 1, 2021.

What type of data will Maxar provide under the renewed contract?

Maxar will provide high-resolution commercial imagery and geospatial data.