NRO Awards Maxar a 10-Year Contract Under the Electro-Optical Commercial Layer Acquisition
26 May 2022 - 12:30AM
Business Wire
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.
About Maxar
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.
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expressed in this press release. As a result, although we believe
we have a reasonable basis for each forward-looking statement
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placed on the forward-looking statements because the Company can
give no assurance that they will prove to be accurate. Risks and
uncertainties that could cause actual results to differ materially
from current expectations include: risks related to the conflict in
Ukraine or related geopolitical tensions; the COVID-19 pandemic and
its impact on our business operations, financial performance,
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Company’s Annual Report on Form 10-K for the year ended December
31, 2021 and filed with the Securities and Exchange Commission (the
“SEC”) on February 22, 2022, as such risks and uncertainties may be
updated or superseded from time to time by subsequent reports we
file with the SEC.
The forward-looking statements contained in this press release
speak only as of the date hereof are expressly qualified in their
entirety by the foregoing risks and uncertainties. Additional risks
and uncertainties not currently known to us or that we currently
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version on businesswire.com: https://www.businesswire.com/news/home/20220525005388/en/
Investor Relations Contact: Jason Gursky Maxar VP,
Investor Relations and Corporate Treasurer 1-303-684-2207
jason.gursky@maxar.com
Media Contact: Fernando Vivanco Maxar Media Relations
1-720-877-5220 fernando.vivanco@maxar.com
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