RICHMOND, BC - MDA, a Maxar Technologies company (formerly MacDonald, Dettwiler and Associates Ltd.), (NYSE: MAXR; TSX: MAXR), today announced that it has been awarded a contract by Public Service Procurement Canada on behalf of the Defence Research and Development Canada, under the Space Operations program within the Joint Force Development portfolio, to develop a Threat Detection and Early Warning System to provide protection for Canadian space-based assets. The contract is for the study, concepts and research and development phases which could lead to MDA pursuing subsequent phases of technology demonstration and technology pilot.
Satellites support a wide variety of applications like telecommunications and remote sensing which provide on-going, critical services to individual Canadians, businesses and government agencies. Canada has invested billions of dollars to create these services, which have become essential for Canadian society. Disruption or loss of these services would impact the ability of Canada to respond to emergency situations and to meet commitments to its global allies and would have widespread negative impacts on day-to-day life.
The contract includes the work required for the development of the Threat Detection and Early Warning System (TDEWS) up to a proof-of-concept stage. The TDEWS will incorporate technologies and systems capable of providing automated, reliable early warning of potential in-orbit threats against operational Canadian satellites. The goal is to identify credible threats against space assets to generate operationally relevant intelligence and enable prompt mitigation actions.
Mike Greenley, group president of MDA said, "DND and MDA have worked closely together over the years to build and operate the Canadian Sapphire surveillance of space mission. This project builds on that success but drives the innovation well beyond Sapphire, using emerging technologies including artificial intelligence and big data to enhance the security of the critical Space assets upon which Canadians depend."
MDA is an internationally recognized leader in space robotics, satellite antennas and subsystems, surveillance and intelligence systems, defence and maritime systems, and geospatial radar imagery. MDA's extensive space expertise and heritage translates into mission-critical defence and commercial applications that include multi-platform command, control and surveillance systems, aeronautical information systems, land administration systems and terrestrial robotics. MDA is also a leading supplier of actionable mission-critical information and insights derived from multiple data sources. Founded in 1969, MDA is recognized as one of Canada's most successful technology ventures with locations in Richmond, Ottawa, Brampton, Montreal and Halifax. MDA is a Maxar Technologies company (TSX: MAXR; NYSE: MAXR). For more information, visit www.mdacorporation.com.
About Maxar Corporation
Maxar Technologies (formerly MacDonald, Dettwiler and Associates) is a leading global provider of advanced space technology solutions for commercial and government markets including satellites, Earth imagery, geospatial data and analytics. As a trusted partner, Maxar Technologies provides unmatched end-to-end advanced systems capabilities and integrated solutions expertise to help our customers anticipate and address their most complex mission critical challenges with confidence. With more than 6,500 employees in over 20 locations, the Maxar Technologies portfolio of commercial space brands includes: SSL, MDA, DigitalGlobe, and Radiant Solutions. Every day millions of people rely on Maxar Technologies to communicate, share information and data, and deliver insights that empower a better world. Maxar trades on the Toronto Stock Exchange and New York Stock Exchange as MAXR. For more information visit www.maxar.com.
This release contains forward-looking statements and information, which reflect the current view of Maxar Technologies Ltd. (the "Company") with respect to future events and financial performance. The forward-looking statements in this regard include statements regarding the award of a contract with an intergovernmental agency. Any such forward-looking statements are based on the Company's current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. The factors and assumptions underlying the forward-looking statements in this release include contracts with any government or intergovernmental agency not being terminated. Any such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from current expectations. The Company cautions readers that should certain risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. The risks that could cause actual results to differ from current expectations include, but are not necessarily limited to: changes in government or intergovernmental priorities, mandates, funding levels, contracts and regulations; satellite failure; failure of third parties and subcontractors; and failure to anticipate changes in technology, technical standards and offerings or compliance with the requisite standards, or failure to maintain technological advances and offer new products to retain customers and market position.
For additional information with respect to certain of these risks or factors, plus additional risks or factors, reference should be made to the Company's continuous disclosure materials filed from time to time with Canadian and U.S. securities regulatory authorities, which are available online under the Company's SEDAR profile at www.sedar.com, under the Company's EDGAR profile at www.sec.gov or on the Company's website at www.maxar.com.