Maxar to Build Four 1300-class Geostationary Communications Satellites for Intelsat

WESTMINSTER, Colo. — (BUSINESS WIRE) — June 15, 2020 — Maxar Technologies (NYSE: MAXR) (TSX: MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced it will build four geostationary communications satellites for satellite operator Intelsat. The contract was previously disclosed with Maxar’s 2020 first quarter results.

Intelsat ordered the satellites to transition its existing media distribution and contribution services–uninterrupted–from the 3.7 to 4.0 gigahertz portion of the C-band, to the 4.0 to 4.2 gigahertz portion of the band as part of the U.S. Federal Communications Commission (FCC) plan to reallocate 300 megahertz of C-band spectrum for 5G terrestrial wireless services.

Under the agreement, Maxar will deliver the Galaxy 31, Galaxy 32, Galaxy 35 and Galaxy 36 satellites in 2022. The satellites will provide primarily video distribution services to customers in the continental United States.

“Maxar is proud to continue its partnership with Intelsat that goes back more than 40 years,” said Megan Fitzgerald, Maxar’s Senior Vice President and General Manager of Space Infrastructure. “Maxar’s 1300-class spacecraft remains the industry gold standard for value, reliability and flexibility, and we look forward to exceeding our customers’ expectations in these regards.”

“Intelsat looks forward to supporting the FCC in successfully transitioning the C-band spectrum and accelerating America’s path to 5G – all while safeguarding the high-quality media broadcast services in the band that more than 100 million American households currently rely on,” said Mike DeMarco, Intelsat’s Chief Services Officer. “Partnering with Maxar ensures that we will have the highest quality satellites in service on time to meet the FCC’s aggressive transition schedule and execute a seamless transition for our customers.”

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 4,000 team members in 20 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
turner.brinton@maxar.com




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