RICHMOND, BC – MDA, a Maxar Technologies company (formerly MacDonald, Dettwiler and Associates Ltd.), (NYSE: MAXR; TSX: MAXR), announced today it has recently signed multiple geospatial-related contracts based on RADARSAT-2 satellite information. RADARSAT-2 Synthetic Aperture Radar (SAR) imagery provides users with a unique method of accurately monitoring very large areas to locate, track, measure, and monitor objects. A rich source for analytics, SAR imagery reveals important details about our changing planet and the impact of human activity across the globe. The following contracts have a combined value of approximately CA$16 million, and will:
- Extend the provision of RADARSAT-2 information to EarthSTAR Inc., a subsidiary of EarthView Image Inc., up to December 31, 2024. EarthSTAR uses the information for a variety of applications that includes land monitoring and change detection.
- Continue the provision of RADARSAT-2 information to the European Maritime Safety Agency (EMSA). Under this contract, MDA provides RADARSAT-2 information to support EMSA in the areas of maritime safety, maritime security, law enforcement, fisheries control, and marine pollution monitoring.
- Extend the provision of operational support to Canada’s Department of National Defence (DND), which includes the use of the east and west coast RADARSAT-2 ground systems for the DND Polar Epsilon Near Real-Time Ship Detection system. DND has activated one of the four one-year renewals under the contract announced September 2017.
- Provide RADARSAT-2 based information services for onshore and offshore monitoring to multiple oil and gas customers.
RADARSAT-2 information can be used for asset monitoring in mining, energy, and other civil markets. MDA has developed a suite of powerful off-the-shelf solutions that exploit SAR imagery and associated information, to support maritime, forestry, infrastructure development, and surveillance applications with high levels of accuracy, and reliability.
Mike Greenley, group president for MDA said, “MDA is focused on supporting our customer’s needs and as a trusted partner is pleased that our customers return to us repeatedly to provide them with accurate, timely and cost-effective information.”
About MDA
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 Corporate
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, robotics, geospatial data and analytics. As a trusted partner, Maxar Technologies provides unmatched integrated capabilities, solutions and expertise to help customers anticipate and address their most complex mission-critical challenges with confidence. With more than 6,500 employees in over 31 locations, the Maxar Technologies portfolio of commercial space brands includes MDA, SSL, DigitalGlobe and Radiant Solutions. Every day, billions of people rely on Maxar Technologies to communicate, share information and data, and deliver insights that Build a Better World. Maxar trades on the Toronto Stock Exchange and New York Stock Exchange as MAXR. For more information www.maxar.com.
Forward-Looking Statements
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 multiple contracts. 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 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 limited to: risks associated with providing products derived from operating satellites including in-orbit failures or impaired satellite performance; changes in government or intergovernmental priorities, mandates, funding levels, contracts and regulations; quality issues, failure of systems to meet performance requirements, potential for product liability, or the occurrence of defects in products or systems could result in lost revenue and harm to the Company’s reputation; 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.
