Maxar’s Vricon Awarded Phase 2 of U.S. Army’s One World Terrain Contract

Rhea-AI Summary

Maxar Technologies (NYSE:MAXR) announced that its subsidiary Vricon, Inc. secured Phase 2 of the U.S Army’s One World Terrain (OWT) contract valued at $39.3 million. This project aims to enhance 3D global terrain capabilities for Army operations. The total potential value of the OWT project, if all phases are exercised, is $94.7 million. Vricon previously completed Phase 1 in late 2020 and will focus on expanding 3D geospatial support across the Army in Phase 2.

Positive

• Awarded Phase 2 OWT contract worth $39.3 million.
• Total potential contract value of $94.7 million if all phases are exercised.
• Phase 2 will expand 3D geospatial support across the entire Army.

Negative

• None.

Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced that Vricon, Inc., a wholly owned subsidiary of Maxar Technologies, Inc., was awarded Phase 2 of the U.S Army’s One World Terrain (OWT) prototype Other Transaction Agreement (OTA) contract worth $39.3 million.

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. The original $35.8 million Phase 1 OWT contract was awarded in June 2019 to Vricon, which was acquired by Maxar in July 2020. If all three phases and options are exercised, the total value of the OWT prototype project is $94.7 million.

OWT is a foundational element of the Synthetic Training Environment-Information System (STE-IS), a modernization initiative led by the STE Cross Functional Team at Army Futures Command (AFC), managed by the Program Executive Office Simulation, Training and Instrumentation (PEO STRI) and contracted through Army Contracting Command-Orlando (ACC-O).

The OWT solution starts with the 3D commercial foundation data layer to create a geo-specific, high-resolution representation that accurately reflects the complexities of operational environments.

Maxar’s Vricon completed OWT Phase 1, which focused on Army training and simulation, in late 2020. Throughout 2021, OWT Phase 2 will shift to a focus on 3D geospatial components across the entire Army, including support of multi-domain operations, mission command systems and other non-training functions.

“Maxar is proud to continue its work with One World Terrain and to provide 3D data and technology in support of Army mission objectives for other very tactical use cases,” said Dan Jablonsky, Maxar CEO. “Beyond essential simulation-ready training data, potential applications for OWT include situational awareness, mission planning, navigation, and targeting. Maxar is committed to offering our 3D terrain capabilities globally across industries as demand increases for a multidimensional, highly accurate digital model of the surface of the Earth.”

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

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FAQ

What is the value of the Phase 2 OWT contract awarded to Maxar?

The Phase 2 OWT contract awarded to Maxar is valued at $39.3 million.

What is the total potential value of the One World Terrain project?

The total potential value of the One World Terrain project is $94.7 million if all phases are exercised.

When was Phase 1 of the OWT contract completed by Vricon?

Phase 1 of the OWT contract was completed by Vricon in late 2020.

What will Phase 2 of the OWT contract focus on?

Phase 2 will focus on expanding 3D geospatial components across the entire Army, including non-training functions.

Which company is responsible for the One World Terrain program?

The One World Terrain program is managed by the U.S. Army and executed by Maxar Technologies through its subsidiary Vricon.