Maxar Technologies and Australian Space Agency Sign Cooperative Agreement

WESTMINSTER, Colo. — (BUSINESS WIRE) — October 22, 2019 — Maxar Technologies (NYSE: MAXR) (TSX: MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced it has signed a joint statement of strategic intent and cooperation with the Australian Space Agency.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191022006034/en/

Maxar CEO Dan Jablonsky (left) signed a cooperative agreement on Oct. 22 with Anthony Murfett, Deputy Head of the Australian Space Agency. (Photo: Business Wire)

Maxar CEO Dan Jablonsky (left) signed a cooperative agreement on Oct. 22 with Anthony Murfett, Deputy Head of the Australian Space Agency. (Photo: Business Wire)

Under the statement, Maxar and Australian Space Agency will investigate collaboration in areas of mutual strategic interest related to Earth intelligence and space infrastructure capabilities, and space-related Australian education and training initiatives. These projects may include development of next-generation space robotics, ground stations focused on optimized servicing of large satellite constellations, optical and communications satellites, space-based maritime surveillance and artificial intelligence and machine learning technologies that extract insights from Earth observation data at scale.

“Maxar is honored to support the Australian Space Agency as it seeks to expand the nation’s role in the international civil space community, and we look forward to contributing technology and expertise from our 65-year heritage in space to projects and programs that enable them to achieve this goal,” said Dan Jablonsky, Maxar CEO.

“The Australian Space Agency aims to triple the size of the Australian space industry to $12 billion and create 20,000 new jobs by 2030,” said Anthony Murfett, Deputy Head of the Australian Space Agency. “Signings with companies such as Maxar will continue to develop the local space economy, and benefit Australians through space technologies. Cooperation across government, private industry and research both nationally and internationally will provide linkages for Australia to access a greater segment of the global space economy.”

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

Maxar is a trusted partner and innovator in Earth Intelligence and Space Infrastructure. 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 5,900 team members in 30 global locations are inspired to harness the potential of space to help our customers create 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.



Contact:

Investor Relations Contact:
Jason Gursky
Maxar VP Investor Relations
1-303-684-2207
jason.gursky@maxar.com

Media Contact:
Turner Brinton
Maxar Media Relations
1-303-684-4545
Email Contact




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