MDA Selected to Perform System Design Phase Contract of a Wildfire Monitoring Satellite
Media Release: August 30, 2019
Richmond, BC - MDA, a Maxar company, (NYSE: MAXR; TSX: MAXR), has been awarded a contract from the Canadian Space Agency to execute the system design phase of a forest fire monitoring satellite (WildFireSat).
The purpose of the WildFireSat (WFS) mission would be to provide a space-based capability to increase Canada’s ability to monitor wildland fires across the country, including near real-time information in support of wildland fire management and research, emission measurements in support of international carbon reporting requirements, and improved smoke and air quality forecasting.
“MDA looks forward to working with the Canadian Space Agency, its government partners, and a great Canadian industrial team on the first phase of this important project that aims to improve Canada’s ability to detect and monitor forest and other wildland fires,” said Mike Greenley, group president of MDA. “This project will leverage MDA’s world-leading satellite development and production capabilities, gained through being the Government of Canada’s leading mission prime partner for satellite programs, including for the recently launched RADARSAT Constellation Mission.”
On Phase A of the WFS project, MDA will work with the Canadian Space Agency, Natural Resources Canada’s Canadian Forest Service, Environment and Climate Change Canada and potentially other government partners to develop a system concept for the WFS mission and derive system requirements, and to produce a mission development plan as well as cost estimates for future phases of the project. In addition, MDA plans to engage an impressive industrial team to deliver this Phase A design work.
Maxar is a trusted partner and innovator in Earth Intelligence and Space Infrastructure. We deliver disruptive value to government and commercial customers to help them monitor, understand and navigate our changing planet; deliver global broadband communications; and explore and advance the use of space. Our unique approach combines decades of deep mission understanding and a proven commercial and defense foundation to deploy solutions and deliver insights with unrivaled speed, scale and cost effectiveness. Maxar’s 5,900 team members in 30 global locations are inspired to harness the potential of space to help our customers create a better world. Maxar trades on the New York Stock Exchange and Toronto Stock Exchange as MAXR. For more information, visit www.maxar.com.
About MDA, a Maxar company
MDA is an internationally recognized leader in space robotics, space sensors, satellite payloads, antennas and subsystems, surveillance and intelligence systems, defense and maritime systems, and geospatial radar imagery. MDA's extensive space expertise and heritage translates into mission-critical defence and commercial applications that include multi-platform command, control and surveillance systems, aeronautical information systems, land administration systems and terrestrial robotics. MDA is also a leading supplier of actionable mission-critical information and insights derived from multiple data sources. Founded in 1969, MDA is recognized as one of Canada's most successful technology ventures with locations in Richmond, Ottawa, Brampton, Montreal, Halifax and the United Kingdom. For more information visit www.mdacorporation.com.
Certain statements and other information included in this release constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements") under applicable securities laws. Statements including words such as "may", "will", "could", "should", "would", "plan", "potential", "intend", "anticipate", "believe", "estimate" or "expect" and other words, terms and phrases of similar meaning are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements involve estimates, expectations, projections, goals, forecasts, assumptions, risks and uncertainties, as well as other statements referring to or including forward-looking information included in this presentation.
Forward-looking statements are subject to various risks and uncertainties which could cause actual results to differ materially from the anticipated results or expectations expressed in this presentation. As a result, although management of the Company believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. The risks that could cause actual results to differ materially from current expectations include, but are not limited to, the risk factors and other disclosures about the Company and its business included in the Company's continuous disclosure materials filed from time to time with U.S. securities and Canadian regulatory authorities, which are available online under the Company's EDGAR profile at www.sec.gov, under the Company's SEDAR profile at www.sedar.com or on the Company's website at www.maxar.com.
The forward-looking statements contained in this release are expressly qualified in their entirety by the foregoing cautionary statements. All such forward-looking statements are based upon data available as of the date of this presentation or other specified date and speak only as of such date. The Company disclaims any intention or obligation to update or revise any forward-looking statements in this presentation as a result of new information or future events, except as may be required under applicable securities legislation.