Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a U.S.-based global
technology innovator powering the new space economy, today announced
that it has been selected by NASA to study future systems that could
revolutionize NASA’s space-based communications architecture through
innovative technologies and commercial partnerships. The future
architecture would be used for scientific and human exploration missions
in Earth orbit, at the Moon, and throughout the solar system beginning
in the mid-2020s.
NASA’s Space
Communications and Navigation Program currently offers space-based
radio frequency communications services for all of the agency’s space
communications activities via its Space
Network. The Space Network consists of a constellation of
geosynchronous satellites called TDRS and ground systems that operate as
a relay system between satellites.
Leveraging current and planned commercial communication and navigation
infrastructure, Maxar will study concepts to augment the Space Network
with more advanced optical communications capabilities and enhanced
radio frequency services. Maxar will also study a framework that allows
for a transition from government-owned and managed space services to
commercially developed and operated services. This future architecture
could unlock the promise of human exploration, new and greater
scientific discovery, and reduce development and operations costs for
future missions through improved communication and navigation services.
“This award highlights Maxar’s ongoing commitment to the development of
innovative space solutions that will open up a new realm of
possibilities for human exploration,” said Megan Fitzgerald, Maxar’s
Senior Vice President and General Manager of Space Solutions. “This
future architecture will be designed to yield significant development
and operations savings over government-owned systems and will also
provide the benefit of frequent technology advancements.”
Maxar has decades of experience in developing cutting-edge systems for
space communications. The company has built some of the world’s highest
capacity spacecraft, including JUPITER™ 1/EchoStar XVII and JUPITER
2/EchoStar XIX – which power HughesNet®
high-speed satellite Internet service across the Americas. Maxar is currently
building JUPITER 3, which will provide more concentrated capacity
over high-use areas than any other satellite. Maxar has also contributed advanced
concepts for the U.S. Air Force’s next-generation protected
satellite communications architecture and has built more than 280
satellites, with 91 commercial communications satellites currently in
service.
The operations of DigitalGlobe, SSL and Radiant Solutions were unified
under the Maxar brand in February; MDA continues to operate as an
independent business unit within the Maxar organization.
About Maxar Technologies
As a global leader of advanced space technology solutions, Maxar is at
the nexus of the new space economy, developing and sustaining the
infrastructure and delivering the information, services, and systems
that unlock the promise of space for commercial and government markets.
The operations of DigitalGlobe, SSL and Radiant Solutions were unified
under the Maxar brand in February; MDA continues to operate as an
independent business unit within the Maxar organization. As a trusted
partner with 5,900 employees in over 30 global locations, Maxar provides
vertically integrated capabilities and expertise including satellites,
Earth imagery, robotics, geospatial data and analytics to help customers
anticipate and address their most complex mission-critical challenges
with confidence. Every day, billions of people rely on Maxar to
communicate, share information and data, and deliver insights that Build
a Better World. Maxar trades on the New York Stock Exchange and Toronto
Stock Exchange as MAXR. For more information, visit www.maxar.com.
Forward-Looking Statements
Certain statements and other information included in this release
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(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
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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 in the 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.
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