MAXR - MAXR STOCK NEWS

Maxar Technologies (NYSE:MAXR) has secured a three-year contract with the Guyana Ministry of Natural Resources for environmental monitoring services. This agreement marks Maxar's first Crow’s Nest contract in Latin America and the Caribbean, focusing on offshore petroleum monitoring and illegal deforestation tracking. Guyana's economy has benefited from offshore oil discoveries, and this partnership aims to sustainably manage these resources. Maxar's technologies, including the Crow’s Nest Maritime Monitoring and SecureWatch, will support regulatory compliance and environmental protection efforts.

Maxar has expanded its collaboration with HEAVY.AI and NVIDIA to enhance telecommunications network optimization. This partnership now includes Bain & Company, aiming to provide communication service providers (CSPs) with advanced analytics tools that create digital twins for precise antenna placement and signal coverage. The HeavyRF solution enables CSPs to model signal propagation using Maxar's high-resolution geodata, significantly streamlining deployment processes. By combining historic and real-time data, the collaboration seeks to improve decision-making, operational efficiency, and customer satisfaction for telcos.

Maxar Technologies (NYSE:MAXR) announced the expiration of the 60-day 'go-shop' period related to its merger with Advent International. The merger, agreed upon at $53.00 per share, is set to close in mid-2023, pending regulatory and shareholder approvals. During the 'go-shop' period, Maxar engaged 36 potential buyers but received no competing offers. Following this period, Maxar is now under 'no-shop' provisions, limiting its ability to seek other offers. The transaction has received U.S. antitrust clearance and will transition Maxar to a privately held entity post-closure.

Maxar Technologies (NYSE:MAXR) has partnered with Umbra to integrate dedicated capacity from Umbra's synthetic aperture radar (SAR) imagery satellites into Maxar's Earth Intelligence portfolio. This advanced multisource geospatial intelligence solution will enhance capabilities for both government and commercial customers. The integration is expected to begin in Q2 2023 and be fully operational by 2024. Maxar aims to provide high-resolution Earth observation data available day and night, significantly improving the ability to monitor changes in near real-time. This partnership is seen as a significant advancement in the geospatial intelligence sector.

Maxar Technologies (NYSE:MAXR) has been awarded a significant indefinite delivery, indefinite quantity (IDIQ) contract from the National Geospatial-Intelligence Agency (NGA) valued at up to $192 million over five years. This contract will enable Maxar to provide U.S. allies and partners with commercial imagery services, including high-resolution electro-optical and synthetic aperture radar (SAR) data products under the Foreign Commercial Imagery Program. Key products to be utilized include SecureWatch, Rapid Access Program, Precision3D, and Commercial SAR, aimed at enhancing situational awareness and decision-making.

Maxar Technologies (NYSE: MAXR) has secured new contract awards totaling up to $35.8 million from the U.S. National Geospatial-Intelligence Agency (NGA). The first contract, valued at $22.5 million, is a one-year deal with $11.3 million initially funded for high-resolution land cover data. The second award, worth $13.3 million, involves developing an enhanced API for NGA that integrates modern data management and supports machine learning applications, extending over a performance period of up to 4.5 years.

Maxar Technologies (NYSE:MAXR) has announced a merger agreement with Advent International, valuing the company at approximately $6.4 billion. Stockholders will receive $53.00 per share in cash, a 129% premium over the last closing price of $23.10. The transaction aims to accelerate investment in next-generation satellite technologies and maintain U.S. operational control post-acquisition. Advent brings over 35 years of investment experience, having committed $3.1 billion alongside a $1.0 billion investment from British Columbia Investment Management Corporation. The deal includes a 60-day go-shop period for alternative proposals.

Maxar Technologies (NYSE:MAXR) announced the successful launch of Galaxy 35 and Galaxy 36 satellites for Intelsat aboard an Ariane 5 rocket from French Guiana. Both satellites, which have begun their deployment process, will support Intelsat's services as part of a reallocation of C-band spectrum for 5G. Maxar has a long-standing relationship with Intelsat, having constructed nearly 60 satellites since the 1970s. This launch further solidifies Maxar's position as a leader in the geostationary satellite market.

Maxar Technologies (NYSE:MAXR) announced that the National Oceanic and Atmospheric Administration (NOAA) has modified its remote sensing license. This allows Maxar to utilize non-Earth imaging (NEI) capabilities with its current and future WorldView Legion satellites to collect images of objects in Low Earth Orbit (LEO). The company aims to assist government and commercial customers with space domain awareness (SDA) and space traffic management (STM) needs. The NEI capability will be deployed in 2023 with early adopters, addressing the growing risks associated with the increasing number of space objects.