Maxar to Build 14 Spacecraft Platforms for L3Harris as Part of Space Development Agency’s Tranche 1 Tracking Layer Program

Rhea-AI Summary

Maxar Technologies (NYSE:MAXR) has been selected by L3Harris Technologies to design and produce 14 spacecraft platforms for the Tranche 1 Tracking Layer contract with the Space Development Agency. This contract emphasizes Maxar's capabilities in providing robust solutions for national security, focusing on missile warning and tracking. The modular satellite platforms will be manufactured in Palo Alto and San Jose, California, with deliveries scheduled for 2024 and launches beginning in April 2025. This partnership highlights Maxar's role in addressing evolving missile threats.

Positive

• Secured contract with L3Harris for 14 spacecraft platforms.
• Enhances capabilities in national security and missile tracking.
• Platforms to be manufactured in U.S., supporting local economy.
• Deliveries scheduled for 2024, indicating robust future revenue.

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 selected by L3Harris Technologies for the design and production of 14 spacecraft platforms and associated support for its Tranche 1 Tracking Layer contract with the Space Development Agency (SDA).

SDA selected L3Harris as a prime for its Tranche 1 Tracking Layer as part of the initial Missile Warning/Missile Tracking warfighting capability of the National Defense Space Architecture (NDSA). Tranche 1 Tracking Layer will provide limited global indications, warning and tracking of conventional and advanced missile threats, including hypersonic missile systems.

Designed, engineered and built in-house, these modular satellite platforms illustrate Maxar’s ability to adapt and extend its deep experience to provide agile, affordable solutions in proliferated, low Earth orbit (LEO) constellations. With this contract, Maxar will provide a robust foundation for the integration of various mission payloads, including optical terminals for space mesh networking, Ka-band communications, and infrared sensors. Additionally, it will provide related ground, operations and sustainment support. Maxar will manufacture the platforms at its factories in Palo Alto and San Jose, California, for delivery in 2024, and launches are scheduled to begin in April 2025.

“Maxar is proud to support L3Harris on this critical Space Development Agency mission that highlights our expanding national security capabilities,” said Chris Johnson, Maxar Senior Vice President and General Manager of Space. “This program demonstrates that Maxar is primed to handle a diverse set of missions, and it exemplifies how our technology and experience are optimized to bring rapidly deployed, proliferated LEO constellations to market.”

“Developing and manufacturing commoditized, commercially available spacecraft for the National Defense Space Architecture is key for the Space Development Agency, and the Maxar platform delivers incredible capability to the L3Harris Tranche 1 Tracking Layer mission solution,” said Rob Mitrevski, Vice President and General Manager, Spectral Solutions, L3Harris. “The relationship created by our two organizations on this program creates a powerful toolset in our nation’s defense against evolving missile threats.”

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 both 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/20220809006022/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 contract did Maxar Technologies announce in August 2022?

Maxar announced a contract with L3Harris Technologies to design and produce 14 spacecraft platforms for the Tranche 1 Tracking Layer.

When are the spacecraft from Maxar Technologies expected to be delivered?

The spacecraft platforms are scheduled for delivery in 2024.

What is the significance of the Tranche 1 Tracking Layer contract for Maxar Technologies?

The contract emphasizes Maxar's role in national security and missile warning capabilities.

When will the launches of the spacecraft from Maxar begin?

The launches are set to begin in April 2025.

Where will Maxar Technologies manufacture the spacecraft platforms?

The platforms will be manufactured at factories in Palo Alto and San Jose, California.