Maxar’s Vricon Awarded Phase 2 of U.S. Army’s One World Terrain Contract

Program’s second phase to provide highly accurate 3D data and technology for expanding operational missions across Army network

WESTMINSTER, Colo. — (BUSINESS WIRE) — February 24, 2021 — Maxar Technologies (NYSE: MAXR) (TSX: MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced that Vricon, Inc., a wholly owned subsidiary of Maxar Technologies, Inc., was awarded Phase 2 of the U.S Army’s One World Terrain (OWT) prototype Other Transaction Agreement (OTA) contract worth $39.3 million.

The OWT program delivers 3D global terrain capability and associated information services that support a fully accessible virtual representation of the physical Earth through the Army network. The original $35.8 million Phase 1 OWT contract was awarded in June 2019 to Vricon, which was acquired by Maxar in July 2020. If all three phases and options are exercised, the total value of the OWT prototype project is $94.7 million.

OWT is a foundational element of the Synthetic Training Environment-Information System (STE-IS), a modernization initiative led by the STE Cross Functional Team at Army Futures Command (AFC), managed by the Program Executive Office Simulation, Training and Instrumentation (PEO STRI) and contracted through Army Contracting Command-Orlando (ACC-O).

The OWT solution starts with the 3D commercial foundation data layer to create a geo-specific, high-resolution representation that accurately reflects the complexities of operational environments.

Maxar’s Vricon completed OWT Phase 1, which focused on Army training and simulation, in late 2020. Throughout 2021, OWT Phase 2 will shift to a focus on 3D geospatial components across the entire Army, including support of multi-domain operations, mission command systems and other non-training functions.

“Maxar is proud to continue its work with One World Terrain and to provide 3D data and technology in support of Army mission objectives for other very tactical use cases,” said Dan Jablonsky, Maxar CEO. “Beyond essential simulation-ready training data, potential applications for OWT include situational awareness, mission planning, navigation, and targeting. Maxar is committed to offering our 3D terrain capabilities globally across industries as demand increases for a multidimensional, highly accurate digital model of the surface of the Earth.”

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 4,300 team members in over 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 and Corporate Treasurer
1-303-684-2207
jason.gursky@maxar.com

Media Contact:
Kristin Cody
Maxar Media Relations
1-703-350-6753
kristin.cody@maxar.com




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