Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a trusted partner and innovator in Earth Intelligence and Space Infrastructure, today announced the U.S. National Reconnaissance Office (NRO) has exercised the second of three, one-year options on the company’s existing EnhancedView Follow-On (EVFO) Service Level Agreement.
In 2018, NRO added three option years to Maxar’s EVFO agreement under the same terms and value of $300 million per year to provide continuity of service potentially through August 2023. This second contract option year has a period of performance from September 1, 2021, through August 31, 2022. The requirements and funding for this effort will be transferred to NRO’s Electro-Optical Commercial Layer program.
“We are honored to continue our trusted partnership with the U.S. Government,” said Dan Jablonsky, Maxar CEO. “Maxar’s high-resolution satellite imagery serves a vital role for the U.S. defense and intelligence communities, and we stand ready to support an expanding set of next-generation national security mission requirements.”
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 4,400 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.
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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.