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Maxar Technologies (NYSE:MAXR) will announce its fourth quarter 2020 financial results on February 24, 2021, after market close. CEO Daniel Jablonsky and CFO Biggs Porter will host an earnings conference call at 3:00 p.m. MT (5:00 p.m. ET) to discuss the results and answer questions. Participants must register in advance for the call. The replay will be available shortly after the event, and the conference will also be webcast live. Maxar is recognized for its contributions to Earth Intelligence and Space Infrastructure.
Maxar Technologies (NYSE: MAXR) has updated its global satellite imagery, encompassing 135 million km², leveraging data from its WorldView satellites. This high-resolution imagery enhances mapping applications like Mapbox, which recently introduced 3D maps, improving user experiences with more detailed, realistic representations. Mapbox's new Camera and Sky APIs further enhance control over map visuals. Executives from both companies emphasize the value of high-quality satellite data, with Maxar's upcoming WorldView Legion satellites expected to significantly enhance their data collection capabilities.
Maxar Technologies (NYSE:MAXR) has appointed Dr. Heather Wilson to its Board of Directors. Dr. Wilson, who has a robust background in national security and intelligence, will serve a term expiring at the 2021 Annual Meeting of Stockholders. She is currently the President of The University of Texas at El Paso and previously served as U.S. Air Force Secretary. Maxar's leadership believes her experience will provide valuable oversight as the company expands its Earth Intelligence and Space Infrastructure capabilities for U.S. Government missions.
Maxar Technologies (NYSE:MAXR) announced participation in several upcoming virtual investor conferences. The events include the BofA Securities 2020 Virtual Leveraged Finance Conference on December 1, the Credit Suisse 8th Annual Virtual Industrials Conference on December 2, the Canaccord Genuity NewSpace Virtual Investor Day on December 7, and the Melius Research Virtual Industrial Tech & Aerospace Forum on December 8. Webcasts of the presentations will be available on Maxar's Investor website. For further details, visit here.
Maxar Technologies (NYSE:MAXR) reported Q3 2020 results with consolidated revenues of $436 million, an increase from $413 million year-over-year. The net income rose to $85 million, driven by an $85 million gain from the Vricon acquisition. Adjusted EBITDA was $112 million, with a margin of 25.7%. Notably, backlog grew to $2.2 billion, reflecting strong demand in government contracts. However, Earth Intelligence segment revenues declined $8 million due to a decrease in EnhancedView Contract revenue. The company maintains its financial outlook for 2020 amid ongoing COVID-19 challenges.
Maxar Technologies (NYSE:MAXR) has been awarded an $8.5 million contract by the U.S. Space Force to develop prototype mission data processing applications for the FORGE MDP program. The initiative aims to enhance the processing and dissemination of Overhead Persistent Infrared data from SBIRS satellites. With a 12-month timeline, this project seeks to modernize existing systems to be more resilient and scalable for future satellite data needs. Maxar’s team comprises recognized experts in OPIR data processing and UI development, positioning the company as a key player in national security and space infrastructure.
Maxar Technologies (NYSE:MAXR) has declared a regular quarterly dividend of $0.01 per share, which will be paid on December 31, 2020, to shareholders on record as of December 15, 2020. This decision reflects the company’s commitment to returning value to its investors. Maxar is a leader in Earth Intelligence and Space Infrastructure, focused on providing innovative solutions to government and commercial sectors. The company continues to leverage space technology to address global challenges, demonstrating its operational resilience.
Maxar Technologies (NYSE:MAXR) will release its third quarter 2020 financial results post-market on November 5, 2020. CEO Daniel Jablonsky and CFO Biggs Porter will host an earnings call at 3:00 p.m. MT (5:00 p.m. ET) to discuss the results, followed by a Q&A session. Interested participants need to register in advance for the call. A replay will be available shortly after its conclusion, providing access to key financial insights. This event follows Maxar's commitment to delivering innovative Earth Intelligence and Space Infrastructure services.
Maxar Technologies (NYSE:MAXR) announced a multi-million dollar contract extension with Esri for data licensing through 2023. This agreement ensures enhanced access to Maxar imagery for millions of ArcGIS users globally and facilitates the use of Maxar products by Esri developers creating location-based applications. Maxar's imagery offerings, including high-resolution basemaps and urban change detection products, remain integral to Esri's Living Atlas. This partnership underscores Maxar's commitment to delivering quality imagery and its ongoing investment in next-generation satellite technology.
Maxar Technologies (NYSE:MAXR) has reported exceeding 200 customers for its SecureWatch cloud-based geospatial service, with contracted revenue doubling over the past year. The platform offers access to a vast library of satellite imagery, facilitating applications in mapping and monitoring. Recent enhancements include the introduction of Persistent Change Monitoring for Premium accounts. Upcoming WorldView Legion satellites will significantly boost imagery capabilities. Maxar continues to innovate to support various sectors, enhancing decision-making through improved access to Earth intelligence.
