MAXR - Maxar extends agreements with three international defense and intelligence customers

Maxar Technologies (NYSE:MAXR) has extended contract with three long-standing international defense and intelligence customers worth more than $100M. “Maxar’s international defense and intelligence customers continue to rely on the unrivaled quality of our imagery to meet critical national security requirements,” said Tony Frazier, Maxar EVP of Global Field Operations. “Our long-term partnerships and deep understanding of these customers’ missions informed how we designed the WorldView Legion satellites, and we are very encouraged by the demand we’re seeing. Increased collection capacity benefits not only monitoring applications, but it will also accelerate our ability to map the globe in 3D, understand precise change and deliver AI-powered insights on mission-relevant timelines.” Shares up 1.1% premarket.

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Maxar extends agreements with three international defense and intelligence customers