MAXR - Maxar jumps 13% on NRO contract tightens full-year guidance

Maxar Technologies (NYSE:MAXR) is up 12.7% after resuming trading following its selection among companies receiving awards in the National Reconnaissance Office's largest commercial imagery contract. It's now taken the opportunity to adjust guidance for fiscal 2022, tightening its ranges by $30 million across the board. The company now expects Earth Intelligence revenue of $1.17 billion-$1.22 billion, and Earth Intelligence EBITDA of $520 million-$555 million. For total revenues, it's forecasting $1.805 billion-$1.855 billion, and on total EBITDA, it sees $455 million-$505 million. Maxar CEO Daniel Jablonsky and CFO Biggs Porter will hold a conference call to discuss the contract and take questions at 11:30 a.m. ET.

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Maxar jumps 13% on NRO contract, tightens full-year guidance