Maxar Secures WorldView Legion Commitment Under Expanded Agreement with International Defense and Intelligence Customer

Rhea-AI Summary

Maxar Technologies (NYSE:MAXR) has secured a multi-year contract worth $35 million to provide WorldView Legion satellite constellation capacity to a key international defense and intelligence customer. This agreement enhances the customer’s access to 30 cm-class satellite imagery, ensuring encrypted downlinks and dedicated data distribution rights. The contract also grants direct access to Maxar’s next-generation WorldView Legion satellites upon their operational deployment, strengthening its long-term partnership with the U.S. ally aimed at improving situational awareness for critical government missions.

Positive

• Secured a $35 million multi-year contract, expanding revenue opportunities.
• Enhances customer access to advanced 30 cm-class satellite imagery.
• Direct access to next-generation WorldView Legion satellites will improve capabilities for the customer.

Negative

• None.

Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced a contract for WorldView Legion satellite constellation capacity through an expanded agreement with a key international defense and intelligence customer.

The multi-year, $35 million contract extends the customer’s ability to directly task and download 30 cm-class satellite imagery to its ground station from Maxar’s current constellation under the Direct Access Program. This program access enables defense, intelligence and commercial customers to access the world’s most advanced Earth imaging satellites, with encrypted downlinks, committed availability and data distribution rights that fit mission needs. The contract will also provide direct access to Maxar’s next-generation WorldView Legion satellites once they enter operations, and it includes to Maxar’s 3D data suite, created from the company’s industry-leading, highly accurate satellite imagery.

“Maxar is proud to continue our two-decade partnership with this important U.S. ally,” said Tony Frazier, Maxar Executive Vice President of Global Field Operations. “Maxar’s commercial satellite imagery and 3D data suite will enhance situational awareness and decision-making for the customer’s critical government missions.”

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.

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/20210707005814/en/

FAQ

What is the recent contract announcement by Maxar Technologies (MAXR)?

Maxar Technologies announced a $35 million multi-year contract to provide satellite imaging capacity to a key defense and intelligence customer.

How much is the contract Maxar secured?

The contract is worth $35 million.

What does the contract with Maxar Technologies include?

The contract includes access to 30 cm-class satellite imagery and future access to the WorldView Legion satellite constellation.

Who is the customer for Maxar's new satellite contract?

The customer is a key international defense and intelligence entity.

When will Maxar's WorldView Legion satellites be operational?

The contract provides access to the WorldView Legion satellites once they enter operations.