Maxar gets new US Army contract worth nearly $50M

WESTMINSTER — Satellite maker Maxar Technologies Inc. (NYSE/TSX: MAXR) has inked a U.S. Army contract worth as much as $48.3 million to support the military’s geospatial intelligence efforts. 

GEOINT is the analysis of satellite and other imagery to describe situations occurring on the ground, perhaps on the other side of the globe. 

“Support services will include gathering, analyzing and manipulating GEOINT and other intelligence sources as the basis for predictive analysis tools and algorithms,” according to a Maxar news release. 

The contract is for two initial years with options for three additional years.

“Predictive geospatial modeling is an essential component of military modernization and Joint All-Domain Command and Control efforts. We look forward to advancing Maxar technology and proven intelligence assets such as Signature Analyst through this continued research effort,” Maxar executive vice president Tony Frazier said in the release. 

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