Maxar Awarded GeoXO Spacecraft Phase A Study Contract for NOAA’s Next-Generation Weather Monitoring Satellites

Rhea-AI Summary

Maxar Technologies (NYSE:MAXR) has secured a Phase A study contract from NASA for the NOAA's GeoXO Spacecraft mission. Over ten months, Maxar will develop the spacecraft's concept and mature technologies, analyzing performance, risks, costs, and scheduling for a next-gen constellation of weather monitoring satellites. This contract follows Maxar's legacy of building the first two generations of GOES satellites, which exceeded their operational lifetimes. The GeoXO program aims to enhance Earth observations from geostationary orbit, addressing critical environmental challenges in the U.S.

Positive

• Secured Phase A contract from NASA for NOAA's GeoXO mission, indicative of strong government partnerships.
• Leverages experience from previously built GOES satellites, enhancing credibility.

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• None.

WESTMINSTER, Colo.--(BUSINESS WIRE)-- Maxar Technologies (NYSE:MAXR) (TSX:MAXR), provider of comprehensive space solutions and secure, precise, geospatial intelligence, announced it received a Phase A study contract from NASA for the National Oceanic and Atmospheric Administration’s (NOAA) Geostationary Extended Observations (GeoXO) Spacecraft mission. During the ten-month contract, Maxar will develop the spacecraft concept, mature necessary technologies, conduct analysis on robotic servicing and payload accommodations, help define the potential performance, risks, costs and development schedule for a three-satellite, next-generation constellation of weather monitoring satellites.

“Maxar is excited to work on designing NOAA’s next-generation weather monitoring spacecraft,” said Chris Johnson, Maxar Senior Vice President and General Manager of Space. “This contract builds on our legacy of manufacturing the first- and second-generation GOES satellites, which operated beyond their expected lifetimes. Maxar is committed to helping customers use spacecraft and space-based data to study weather patterns and mitigate climate change, and this GeoXO study contract is the next evolution of that work.”

Maxar’s flight-proven 1300-class platform serves as the basis for the company’s Phase A Study contract. Today, there are 90 Maxar-built spacecraft operating on orbit that use the 1300-class platform. This platform provides the precision, stability, reliability and assured operations that NOAA requires for the GeoXO mission.

The GeoXO program will continue Earth observations from geostationary orbit, providing vital information to address major environmental challenges in the United States. GeoXO will also leverage new capabilities to address emerging climate issues that threaten the security and well-being of every American.

Maxar previously built the first-generation and second-generation Geostationary Operational Environmental Satellites (GOES), which were known for their high performance, longevity and reliability. Contracted to build a constellation of three satellites in the 1970s, Maxar (then Ford Aerospace) built GOES-A, -B and -C for NASA’s Office of Space Science Applications. They were later renamed GOES 1, 2 and 3. Maxar also manufactured five more weather monitoring satellites for NOAA: GOES 8, 9, 10, 11 and 12, which were launched in the late 1990s and early 2000s.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220804005965/en/

Investor Relations Contact:

Jonny Bell

Maxar Investor Relations

1-303-684-5543

jonny.bell@maxar.com

Media Contact:

Kristin Carringer

Maxar Media Relations

1-303-684-4352

kristin.carringer@maxar.com

Source: Maxar Technologies

FAQ

What is the GeoXO spacecraft mission contracted by Maxar?

The GeoXO spacecraft mission involves developing a next-generation weather monitoring constellation for NOAA, with a focus on addressing environmental challenges.

What does the Phase A study contract entail for Maxar?

The Phase A study contract requires Maxar to develop the spacecraft concept, mature essential technologies, and analyze performance, risks, costs, and schedules.

How does Maxar's history impact its role in the GeoXO mission?

Maxar's legacy of building previous GOES satellites, known for their longevity and reliability, strengthens its position in the GeoXO mission.

What are the expected outcomes of the GeoXO program?

The GeoXO program aims to provide vital Earth observation data to tackle major environmental challenges and enhance weather monitoring capabilities.

How long is the contract Maxar received from NASA for the GeoXO mission?

The contract is set for a duration of ten months.