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Maxar Scoops US Government's G-EGD Contract

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  • Maxar Technologies Inc (NYSE: MAXR) won an Option Year 2 contract renewal by the U.S. National Geospatial-Intelligence Agency (NGA) for the Global Enhanced GEOINT Delivery (G-EGD) program.

  • The contract, which began September 1, is valued at $44 million and is the second of three option years for the contract, which has a total value of up to $176 million.

  • Maxar will continue to provide over 400,000 U.S. government users with unclassified, online and offline, on-demand access to high-resolution commercial imagery from Maxar in addition to geospatial data from other industry providers.

  • "The G-EGD platform provides U.S. and allied users with access to geospatial intelligence from a variety of industry providers at locations around the globe," Maxar CEO Dan Jablonsky said.

  • Price Action: MAXR shares closed higher by 1.84% at $28.84 on Friday.

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