SAN FRANCISCO & WESTMINSTER, Colo.--(BUSINESS WIRE)--DigitalGlobe, a Maxar Technologies Ltd. company (formerly MacDonald,
Dettwiler and Associates Ltd.) (NYSE and TSX: MAXR), today announced the
extension and expansion of multi-year agreements with two major existing
commercial technology customers, one of which is DigitalGlobe’s largest
commercial contract ever.
These new multi-year agreements feature increased annual contract values
and are contributing to growth in DigitalGlobe’s commercial business.
DigitalGlobe continues to be the industry leader in delivering volumes
of more frequently refreshed imagery, including the world’s highest
resolution 30 cm commercial satellite imagery from WorldView-3 and
WorldView-4.
“DigitalGlobe is a trusted partner of many of the world’s leading
technology companies that power the new space economy,” said
DigitalGlobe President Dan Jablonsky. “These recent commercial successes
reinforce the powerful and unrivaled combination of our constellation
and product strategy to deliver unique and valuable offerings that our
customers are demanding and are driving growth in our commercial
business.”
The company’s commitment to provide current, refreshed global imagery
mosaics leverages new innovative technologies to increase scale and
triple throughput, ensuring customers have ready access to the most
up-to-date maps to power their applications. DigitalGlobe will also
collect new imagery of 6,000 urban areas of interest each year, more
than half at 30 cm. With expanded collection capacity, an optimized
imagery collection strategy and product development enhancements,
DigitalGlobe grew its number of Forbes Global 2000 customers in 2017 and
drove greater product adoption and growth with new and existing
customers.
“DigitalGlobe has implemented a unique and powerful global content
collection and product strategy that leverages deep customer intimacy to
deliver advanced products to commercial markets,” said DigitalGlobe’s
Senior Vice President and General Manager Amy Minnick. “These products
are increasingly being adopted by civil governments and customers in the
technology, automotive, telecommunications and energy sectors to solve
business challenges.”
DigitalGlobe was acquired by Maxar in 2017. Maxar is at the nexus of the
new space economy, responsible for developing and sustaining the
infrastructure upon which it operates and delivering the products,
services, systems and solutions that make it possible, including
industry-leading brands such as DigitalGlobe.
About Maxar Technologies
Maxar Technologies (formerly MacDonald, Dettwiler and Associates) is a
leading global provider of advanced space technology solutions for
commercial and government markets including satellites, Earth imagery,
geospatial data and analytics. As a trusted partner, Maxar Technologies
provides unmatched end-to-end advanced systems capabilities and
integrated solutions expertise to help our customers anticipate and
address their most complex mission critical challenges with confidence.
With more than 6,500 employees in over 21 locations, the Maxar
Technologies portfolio of commercial space brands includes: SSL, MDA,
DigitalGlobe, and Radiant Solutions. Every day millions of people rely
on Maxar Technologies to communicate, share information and data, and
deliver insights that empower a better world. Maxar trades on the
Toronto Stock Exchange and New York Stock Exchange as MAXR. For more
information visit www.maxar.com.
About DigitalGlobe
DigitalGlobe is the global leader in commercial high-resolution
satellite imagery used by decision makers to better understand our
changing planet in order to save lives, resources and time. Sourced from
the world's leading constellation, our imagery solutions deliver
unmatched coverage and capacity to meet our customers' most demanding
mission requirements. Each day customers in defense and intelligence,
public safety, civil agencies, map making and analysis, environmental
monitoring, oil and gas exploration, infrastructure management,
navigation technology, and providers of location-based services depend
on DigitalGlobe data, information, technology and expertise to gain
actionable insight. DigitalGlobe is a Maxar Technologies company (NYSE:
MAXR; TSX: MAXR). For more information visit www.DigitalGlobe.com.
Forward-Looking Statements
This release contains forward-looking statements and information, which
reflect the current view of Maxar Technologies Ltd. (the “Company” or
“Maxar”) with respect to future events and financial performance.
Forward-looking statements relate to future events or future financial
performance. Any such forward-looking statements are based on Maxar’s
current expectations, estimates, projections and assumptions made in
light of its experience and perception of historical trends and are
subject to risks and uncertainties that could cause our actual results
or performance to differ materially from those indicated by such forward
looking statements. Maxar’s actual results of operations could differ
materially from historical results or current expectations. Some of the
risk and uncertainties that could cause actual results to differ
include, but are not limited to: the loss or reduction in scope of any
of our primary contracts, or decisions by customers not to exercise
renewal options; the loss or damage to any of our satellites; delays in
the construction and launch of any of our satellites or our ability to
achieve and maintain full operational capacity of all our satellites;
loss or damage to the content contained in our ImageLibrary;
interruption or failure of our ground systems and other infrastructure;
decrease in demand for our imagery products and services; increased
competition that may reduce our market share or cause us to lower our
prices; changes in political or economic conditions, including
fluctuations in the value of foreign currencies, interest rates, energy
and commodity prices, trade laws and the effects of governmental
initiatives to manage economic conditions; failure to obtain or maintain
required regulatory approvals and licenses; and, changes in Canadian,
U.S. or other law or regulation that may limit our ability to distribute
our imagery products and services.
For additional information with respect to certain of these risks or
factors, plus additional risks or factors, reference should be made to
the Company's continuous disclosure materials filed from time to time
with Canadian and U.S. securities regulatory authorities, which are
available online under the Company's SEDAR profile at www.sedar.com,
under the Company's EDGAR profile at www.sec.gov,
or on the Company's website at www.maxar.com.
Contacts
Maxar
Marissa Poratto
Maxar Investor Relations
1-604-331-2044
mporatto@maxar.com
or
Nancy
Coleman
Maxar Media Relations
1-303-684-1674
nancy.coleman@maxar.com