Westminster, Colo. – May 25, 2022 – Maxar Technologies (NYSE:MAXR)
(TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, announces the award of an Electro-Optical Commercial Layer (EOCL) contract by the U.S. National Reconnaissance Office (NRO). EOCL, a five-year base contract with five additional years of options through 2032, represents the largest ever commercial imagery acquisition contract awarded by the NRO. Under the award agreement, Maxar will continue to provide high-resolution commercial satellite imagery in support of the U.S. defense and intelligence community and missions carried out in partnership with U.S. allies and partners.
The EOCL contract will transition the imagery acquisition requirements currently addressed by the EnhancedView Follow-On (EVFO) and its predecessor contracts, held by Maxar for over two decades. EOCL’s expanded scope and value includes Foundation, Intelligence Area and Points collection plus the additional capabilities of shortwave infrared, non-Earth imaging, nighttime imaging and theater direct downlink. EOCL’s five-year base and five one-year options, as well as its flexible contract structure, allows for increased technology innovation and capability development, demonstrating an important commitment by the U.S. Government to increase its utilization of commercial imagery.
“Maxar has been a trusted U.S. Government partner for more than two decades, and we’re proud to continue to serve that mission under EOCL,” said Dan Jablonsky, Maxar President and Chief Executive Officer. “This agreement provides a foundation for Maxar’s growth in the years ahead, as we continue through innovation and disciplined investment to meet our customers’ most demanding needs and generate long-term value for our shareholders. As always, we are committed to the mission success of our federal partners, and appreciate their longstanding trust in our capabilities, quality and reliability.”
Maxar has reliably delivered commercial satellite imagery to the U.S. Government since 2000. Maxar imagery is used daily by the U.S. Government for mapping, mission planning, emergency response and other activities that serve the intelligence, defense and federal civil agency user communities. Recent world events, including the war in Ukraine, have shined an unprecedented light on commercial geospatial intelligence and the value of programs such as EOCL that enable unclassified information sharing with U.S. allies and NATO partners.
Maxar Technologies (NYSE:MAXR) (TSC: MAXR) is a provider of comprehensive space solutions and secure, precise, geospatial intelligence. 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 4,400 team members in over 20 global locations are inspired to harness the potential of space to help our customers create a better world. For more information, visit 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 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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