Maxar Awarded Phase 3b of U.S. Army’s One World Terrain Contract

Rhea-AI Summary

Maxar Technologies (NYSE:MAXR) announced its award of Phase 3b of the U.S. Army's One World Terrain (OWT) contract, enhancing 3D global terrain capabilities. This program, part of the Synthetic Training Environment, supports military training and mission execution through realistic geospatial datasets. In 2022, Maxar focused on refining terrain dataset fidelity; in Phase 3b, efforts will include better integration with open-source geospatial data and unmanned aerial collections. The OWT initiative is managed by the Army Futures Command, underlining its significance for military operations.

Positive

• Awarded Phase 3b of the U.S. Army's One World Terrain contract, enhancing long-term engagement and revenue potential.
• Focus in Phase 3b on integrating open-source data, which could expand service offerings.
• Maxar's role as a prime contractor solidifies its position in the defense sector.

Negative

• None.

WESTMINSTER, Colo.--(BUSINESS WIRE)-- Maxar Technologies (NYSE:MAXR) (TSX:MAXR), provider of comprehensive space solutions and secure, precise, geospatial intelligence, today announced that it was awarded Phase 3b of the U.S. Army’s One World Terrain (OWT) prototype Other Transaction Agreement contract.

An example of the precise, realistic 3D terrain that Maxar creates to support a fully accessible virtual recreation of the physical Earth. The One World Terrain program enables simulation, mission command and intelligence systems to conduct collective training, mission rehearsal and mission execution at the point of need. (Photo: Maxar Technologies)

The OWT program delivers 3D global terrain capability and associated information services that support a fully accessible virtual representation of the physical Earth through the Army network. OWT is a key component of the Army’s Synthetic Training Environment (STE), which provides a realistic, common and automatically generated global geospatial dataset for simulation, mission command and intelligence systems to conduct collective training, mission rehearsal and mission execution at the point of need.

“Maxar is proud to continue as the prime contractor for the One World Terrain program, which supports current and future combat missions and is on track to become the Army’s authoritative source for foundation geospatial content and terrain data—from training to operations and targeting,” said Tony Frazier, Maxar’s Executive Vice President and General Manager, Public Sector Earth Intelligence. “The evolution of OWT shows how 3D terrain and information services are becoming essential tools for planning and decision-making not just for the U.S. Army but for a wide range of military, civil and commercial institutions.”

In 2022, Maxar’s Phase 3a work focused on improving 3D terrain dataset fidelity and refining the automation processes to generate realistic terrain derived from Maxar's satellite imagery for high-fidelity modeling and simulation systems, as well as terrain data export capability for operational Mission Command Information Systems.

In Phase 3b, Maxar will focus on enhanced conflation with open-source geospatial data and enhanced training areas using multisource collection, high-resolution insets. The OWT prototype will evaluate the use of small unmanned aerial collections and the georegistration of existing U.S. Army terrain datasets.

OWT is a component of the modernization initiative led by the STE Cross Functional Team at Army Futures Command, managed by the Program Executive Office Simulation, Training and Instrumentation and contracted through Army Contracting Command-Orlando.

The original OWT contract was awarded in June 2019 to Vricon, which was acquired by Maxar in July 2020.

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/20230227005010/en/

Investor Relations Contact:

Jonny Bell

Maxar Investor Relations

1-303-684-5543

jonny.bell@maxar.com

Media Contact:

Brian Wagner

Maxar Communications

1-202-302-8754

Brian.wagner@maxar.com

Source: Maxar Technologies

FAQ

What is the purpose of the One World Terrain contract awarded to Maxar (MAXR)?

The One World Terrain contract aims to deliver 3D global terrain capabilities to support military training, mission command, and intelligence through realistic geospatial datasets.

When was the original One World Terrain contract awarded to Maxar (MAXR)?

The original One World Terrain contract was awarded in June 2019.

What are the key focuses of Phase 3b of the One World Terrain program for Maxar (MAXR)?

Phase 3b will emphasize enhanced conflation with open-source geospatial data and the utilization of small unmanned aerial collections for better data accuracy.

How does the One World Terrain initiative impact Maxar (MAXR) financially?

The One World Terrain initiative could lead to increased revenue and long-term contracts with the U.S. Army, enhancing Maxar's market position in the defense sector.

What is the significance of the Synthetic Training Environment related to Maxar (MAXR)?

The Synthetic Training Environment integrates advanced geospatial datasets that are crucial for realistic military simulations and effective decision-making.