WESTMINSTER, Colo.–(BUSINESS WIRE)–
Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced it was awarded a U.S. Army contract worth as much as $48.3 million for support services in geospatial intelligence (GEOINT).
The U.S. Army Combat Capabilities Development Command C5ISR Center, Intelligence & Information Warfare Directorate awarded Maxar the Small Business Innovation Research (SBIR) Phase III contract in support of Army operations and intelligence to include Combatant Commands and other government stakeholders. Support services will include gathering, analyzing and manipulating GEOINT and other intelligence sources as the basis for predictive analysis tools and algorithms, including Maxar’s Signature Analyst, a predictive analytics tool developed under a SBIR Phase I and Phase II program.
The utility and scalability of Signature Analyst predictive models rely on the quality and quantity of geospatial content. In addition to predictive models, this effort will enhance predictive geospatial modeling with innovative and scalable methods for geospatial data creation, assimilation and conflation, as well as further the incorporation of additional data sources and dissemination and management tools.
“Maxar is proud to support the U.S. Army customer and Combatant Commands in their critical national security missions,” said Tony Frazier, Maxar’s Executive Vice President of Global Field Operations. “Predictive geospatial modeling is an essential component of military modernization and Joint All-Domain Command and Control efforts. We look forward to advancing Maxar technology and proven intelligence assets such as Signature Analyst through this continued research effort.”
The Phase III contract includes two base and three option years. Work under the initial contract will be performed through March 4, 2023.
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 4,300 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.
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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 inthe 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.
Investor Relations Contact:
Maxar VP, Investor Relations and Corporate Treasurer
Kristin Quinn Cody
Maxar Media Relations
Source: Maxar Technologies