Economy & Economic Development  October 7, 2019

Maxar Technologies stock takes off after landing Air Force contract

WESTMINSTER  — Maxar Technologies Inc. (NYSE: MAXR) secured a $14.2 million contract from the U.S. Air Force, spurring a spike in its stock price Monday morning.

In a press release, the Westminster-based aerospace company said it won a contract to build an automated geospatial intelligence analysis system dubbed “Red Wing” for the Air Force Research Laboratory near Dayton, Ohio.

The system is supposed to automate analyzing some portions of raw data without requiring direct effort from an intelligence analyst.

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“Red Wing will help to rapidly equip the warfighter with actionable insights to solve dynamic and complex intelligence problems at scale,” Tony Frazier, Maxar’s executive vice president of global field operations, said in the release.

Investors bought Maxar stock on the news, with the stock closing at $8.14 per share Monday for a 7.67 percent increase.

WESTMINSTER  — Maxar Technologies Inc. (NYSE: MAXR) secured a $14.2 million contract from the U.S. Air Force, spurring a spike in its stock price Monday morning.

In a press release, the Westminster-based aerospace company said it won a contract to build an automated geospatial intelligence analysis system dubbed “Red Wing” for the Air Force Research Laboratory near Dayton, Ohio.

The system is supposed to automate analyzing some portions of raw data without requiring direct effort from an intelligence analyst.

“Red Wing will help to rapidly equip the warfighter with actionable insights to solve dynamic and…

Ken Amundson
Ken Amundson is managing editor of BizWest. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes on the Front Range. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
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