WESTMINSTER, Colo.--(BUSINESS WIRE)-- 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 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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Media Contact
Omar Mahmoud
Maxar Media Relations
1-650-852-5388
omar.mahmoud@maxar.com
Investor Relations Contact
Jason Gursky
Maxar VP Investor Relations
1-303-684-2207
jason.gursky@maxar.com
Source: Maxar Technologies