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Maxar Technologies (NYSE:MAXR) announced contract extensions exceeding $100 million with three long-standing international defense and intelligence clients. These agreements allow direct access to 30 cm-class satellite imagery through Maxar’s Direct Access Program. One contract includes a commitment for access to the upcoming WorldView Legion satellites, enhancing the company's capacity to meet national security demands and deliver AI-powered insights.
Maxar Technologies (NYSE:MAXR) has secured a launch window from May 15, 2022 to June 13, 2022 with SpaceX for its first two WorldView Legion satellites. This initiative aims to enhance capacity and replace existing satellites, providing 30 cm-class resolution and improving imagery collection in populated areas. The mission will support advanced applications, including AI modeling and 3D modeling for various critical missions. Maxar emphasizes the importance of executing the program to the highest standards and has commenced testing for the satellites.
Maxar Technologies (NYSE:MAXR) has announced the participation of its senior management team in several upcoming investor conferences. Key events include the BofA Securities Leveraged Finance Virtual Conference on November 30, 2021, and both the Truist Securities and Morgan Stanley events on December 7, 2021. The Melius Research Industrial Tech and Aerospace Forum is also scheduled for December 8, 2021. Investors can access the webcast through Maxar's investor relations website for more details.
Maxar Technologies (NYSE:MAXR) celebrates Dr. Walter Scott for receiving the David W. Thompson Lecture in Space Commerce from the American Institute of Aeronautics and Astronautics. Scott, who was instrumental in founding the commercial Earth observation industry, delivered his lecture at the AIAA 2021 ASCEND conference, highlighting the evolution of satellite imagery from government use to a multibillion-dollar industry. Additionally, he will be inducted as a member of the Class of 2022 AIAA Associate Fellows in January 2022, recognizing his significant contributions to aerospace.
Maxar Technologies (NYSE:MAXR) reported Q3 2021 financial results, showing a net income of $14 million and diluted earnings per share of $0.19. Total revenues were $437 million, a slight increase year-over-year. Adjusted EBITDA reached $113 million, marking a growth in margin to 25.9%. Despite solid bookings and a book-to-bill ratio exceeding two, the Earth Intelligence segment saw a $20 million decline in deferred revenue. The company raised its full-year guidance for Adjusted EBITDA and cash flow, reflecting positive operational cash generation and an increased total order backlog to $2.1 billion.
Maxar Technologies (NYSE: MAXR) has appointed Thomas Whayne as the new Chief Strategy Officer. Whayne, who previously served as CFO at OneWeb, brings over 23 years of experience in investment banking and strategic financial management. His expertise will support Maxar's efforts in corporate strategy, development, and mergers and acquisitions. Dan Jablonsky, CEO of Maxar, expressed confidence in Whayne's ability to drive growth and innovation as the company continues to deliver mission-driven solutions for commercial and government clients.
Maxar Technologies (NYSE:MAXR) announced that its senior management will present at the Baird Global Industrial Conference on November 9, 2021, at 9:50 a.m. PST. The event is exclusive to conference participants and key updates will be available on their website. Maxar is recognized for its innovation in Earth Intelligence and Space Infrastructure, catering to government and commercial sectors. With 4,400 employees worldwide, Maxar aims to provide insights and global communications to navigate our changing planet.
Maxar Technologies (NYSE: MAXR) has declared a quarterly dividend of $0.01 per share, payable on December 31, 2021, to shareholders of record by December 15, 2021. This decision reflects the company's ongoing commitment to returning value to investors while navigating the challenges posed by the global economic landscape. With a foundation in Earth Intelligence and Space Infrastructure, Maxar continues to be an innovative partner for government and commercial customers.
Maxar Technologies (NYSE:MAXR) will announce its third quarter 2021 financial results on November 3, 2021, after market close. The earnings conference call, hosted by CEO Dan Jablonsky and CFO Biggs Porter, will take place at 3:00 p.m. MT (5:00 p.m. ET) on the same day, featuring a review of the results and a Q&A session. Interested participants must register in advance for the call. A replay will be available following the call until November 17, 2021.
Maxar Technologies (NYSE:MAXR) has received a contract renewal from the U.S. National Geospatial-Intelligence Agency (NGA) for the Global Enhanced GEOINT Delivery (G-EGD) program, valued at $44 million. This renewal marks the second of three option years in a contract totaling up to $176 million. Maxar will provide over 400,000 U.S. government users with access to high-resolution commercial imagery and a 125-petabyte historical imagery library, crucial for national security and humanitarian missions.
