MDA Awarded Canadian Government Contract to Deliver Search and Rescue Repeaters for Satellites
MONTREAL–(BUSINESS WIRE)–MDA, a Maxar company (NYSE: MAXR) (TSX: MAXR), has been awarded an
initial contract value of CAD $39 million with Public Services and
Procurement Canada. The initial contract includes the development and
manufacturing of 10 flight-ready Search and Rescue/Global Positioning
System (SAR/GPS) repeaters to be launched on the U.S. Air Force’s GPS
III satellites, as well as several automated test systems and simulators.
The contract includes options for an additional 12 flight model
repeaters which, if exercised by Canada, would increase the total
contract value in excess of $55 million. Once in orbit 22,000 kilometres
above the Earth, MDA’s MEOSAR repeater will be able to detect signals
from emergency beacons and retransmit the signals to receiver stations
on the ground. The emergency messages can then be sent to appropriate
authorities so that people in danger can be quickly located and rescued.
“This project builds on MDA’s previous successes and ensures MDA’s
commitment to develop innovative solutions that are vital to Canada’s
sovereignty and security,” said Mike Greenley, group president of MDA.
“Once qualified as operational, this system will dramatically improve
both the speed and location accuracy for detecting beacons, and as a
result greatly enhance the coordination and dispatch of search and
rescue teams to help people in distress.”
Satellites have become an integral part of Canada’s national
infrastructure, providing critical services on a daily basis to
individual Canadians and government agencies. With Canada’s vast
geography and long coastlines, satellites support a wide variety of
applications, from Search and Rescue, to ecosystem and climate change
monitoring, telecommunications, navigation and ice mapping, and
fisheries and natural resource management.
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 MDA
MDA is an internationally recognized leader in space robotics, space
sensors, satellite payloads, antennas and subsystems, surveillance and
intelligence systems, defense and maritime systems, and geospatial radar
imagery. MDA’s extensive space expertise and heritage translates into
mission-critical defence and commercial applications that include
multi-platform command, control and surveillance systems, aeronautical
information systems, land administration systems and terrestrial
robotics. MDA is also a leading supplier of actionable mission-critical
information and insights derived from multiple data sources. Founded in
1969, MDA is recognized as one of Canada’s most successful technology
ventures with locations in Richmond, Ottawa, Brampton, Montreal, Halifax
and the United Kingdom. For more information, visit www.mdacorporation.com.
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.
Contacts
Leslie Swartman
MDA Media Contact
1-613-736-6917
leslie.swartman@mdacorporation.com
Jason
Gursky
Maxar Investor Relations
1-303-684-2207
jason.gursky@maxar.com