WESTMINSTER, Colo. ” Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced that it has been selected by theÂ U.S. Army Geospatial CenterÂ to deliver multiple highly portable, direct-downlink tactical ground systems that provide critical geospatial intelligence to users in remote locations. Maxar was awarded a sole-source, indefinite-delivery/indefinite-quantity (IDIQ) contract valued at up to $49 million over eight years and two initial task orders worth a combined value of $8 million.
The system, called the U.S. Army Remote Ground Terminal (RGT), is easily transported by two people and can be set-up in about an hour. The RGT enables troops in remote locations to rapidly downlink, analyze and disseminate data from commercial Earth observation satellites to support military, humanitarian and disaster relief missions. The RGT system is based on Maxar's Tactical Architecture for Near-real-time Global Operations (TANGOTM) platform, the most portable ground system of its kind.
The RGT downlinks data from a variety of commercial sources, including Maxar's high-resolution WorldView constellation, and is designed to be continuously upgraded with additional commercial electro-optical and synthetic aperture radar sources. The RGT comes with robust training for unit operators to enable self-sustained operations, and 24/7 field service available from Maxar.
The U.S. Army plans to continue developing the RGT system, ultimately transitioning it to become the commercial imagery receive node for the U.S. Army's future Tactical Intelligence Targeting Access Node (TITAN). TITAN is a scalable intelligence ground station that will leverage sensors across multiple domains to provide rapid and accurate targeting data directly to U.S. Army fires networks.
As the industry leader in Earth Intelligence, Maxar is dedicated to delivering innovative solutions for our customers' most complex challenges, said Tony Frazier, Maxar's Executive Vice President of Global Field Operations. The RGT is revolutionizing the way users in remote sites obtain the critical Earth Intelligence their missions demand “ when and where they need it most.
Times of crisis are defined by seconds and minutes, not days and months, said Matt Cro, U.S. Army Geospatial Center's Technical Director, Army TENCAP. The Maxar-developed RGT is significantly enhancing the speed at which we access critical information at the tactical edge and provides an important technology advancement for enabling TITAN.
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 4,000 team members in 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, visitÂ www.maxar.com
Certain statements and other information included in this release constitute forward-looking information or forward-looking statements (collectively, forward-looking statements) under applicable securities laws. Statements including words such as may, will, could, should, would, plan, potential, intend, anticipate, believe, estimate or expect and other words, terms and phrases of similar meaning are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties, as well as other statements referring to or including forward-looking information included in this presentation.
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 atÂ www.sec.gov, under the Company's SEDAR profile atÂ www.sedar.comÂ or on the Company's website atÂ 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.