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Maxar Awarded G-EGD Contract Renewal to Provide Mission-Ready Satellite Imagery for U.S. Government
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Maxar Technologies (NYSE:MAXR) has announced a renewal of its Option Year 3 contract with the U.S. National Geospatial-Intelligence Agency (NGA) for the Global Enhanced GEOINT Delivery (G-EGD) program, valued at $44 million. This renewal is part of a total contract value of $176 million initiated on September 1, 2022. The G-EGD program, pivotal for over 400,000 U.S. government users, provides access to Maxar's extensive imagery archive and commercial data. The contract integration includes five synthetic aperture radar data providers by the end of 2023.
Positive
Renewed contract valued at $44 million, enhancing revenue stability.
Continued support for over 400,000 U.S. government users.
Integration of leading synthetic aperture radar data providers expands service offerings.
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 has been awarded an Option Year 3 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, 2022, is valued at $44 million. This is the third of three option years for the contract, which has a total value of up to $176M.
Damaged Bridge and Road on Approach Towards Kyiv | Ivankiv, Ukraine | February 27, 2022 | WorldView-3 Satellite Image
With this award, Maxar will continue providing more than 400,000 U.S. government users with unclassified, online and offline, on-demand access to high-resolution commercial imagery. Access to geospatial data and products from other commercial industry providers such as BlackSky and Planet Labs PBC are also available through the Electro-Optical Commercial Layer contract. Since 2011, the G-EGD program has enabled warfighters, first responders, intelligence analysts and civil government users to tap into Maxar’s 125 petabyte imagery archive and daily imagery collections for time-sensitive, mission-critical planning and operations.
“G-EGD has been instrumental in enabling NGA to provide unclassified access to satellite imagery for a wide range of U.S. government users and partners throughout the war in Ukraine,” said Dan Jablonsky, Maxar President and Chief Executive Officer. “As the provider of G-EGD, Maxar is proud to help advance the U.S. government’s long history of providing global security and humanitarian initiatives with geospatial data and imagery.”
During G-EGD Option Year 2, NGA developed a roadmap to integrate five commercial synthetic aperture radar (SAR) data providers into the G-EGD platform by the end of 2023. To date, Maxar has developed ingest solutions for SAR data from Capella Space and ICEYE, to include data visualization and complete product discovery and delivery methods. Maxar will continue data integration efforts for Umbra and PredaSAR, a Terran Orbital Company, throughout Option Year 3.
Anyone who supports a U.S. Government mission may request authorization to access G-EGD. With more than 1.1 million square kilometers of new imagery uploaded each day, users have access to current imagery as well as more than 6 billion square kilometers of archived imagery for time sensitive, mission-critical planning and operations. Connect with your government point of contact to determine eligibility.
Maxar’s G-EGD team also offers monthly training webinars to educate government users on how to access and make the best use of the program. Click here or email deftechsupport@maxar.com 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
This press release may contain forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Any such forward-looking statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements, including those included in the Company’s filings with U.S. securities and Canadian regulatory authorities. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, other than as may be required under applicable securities law.
