CANNES, France and WESTMINSTER, Colo. - July 30, 2018 - Thales Alenia Space, a Joint Venture between Thales (67 %) and Leonardo (33 %), and SSL, a Maxar Technologies company (NYSE: MAXR; TSX: MAXR), have signed a consortium agreement to pursue the development and manufacture of Telesat’s highly advanced global LEO satellite constellation and end-to-end system. In addition the consortium, led by Thales Alenia Space, announced today that they have been awarded a contract by Telesat for a System Design and Risk Management Project for the Telesat LEO constellation.
Following a highly rigorous process involving leading satellite manufacturing companies, Telesat selected the Thales Alenia Space / Maxar consortium for its LEO design phase based on the consortium’s compelling proposal for the end-to-end system, the maturity of the required technologies, and the competitiveness of its solution. The three companies will work together on the design of the end-to-end system, including satellites, gateways, user terminals, operations centers, and ground network. Telesat will provide funding during this phase and anticipates selecting a prime contractor, either the Thales Alenia Space / Maxar consortium or an alternate team, in mid-2019 for Telesat’s LEO program – space segment, ground segment and system integration.
Telesat’s LEO constellation will transform global communications by offering an unsurpassed combination of capacity, speed, security, resiliency and low cost with latency performance that is as good or better than the most advanced terrestrial networks. These capabilities will be available globally and will enable Telesat LEO to become a core component in satisfying many of the world’s most challenging communications requirements. Telesat LEO will accelerate 5G expansion, end the digital divide with fiber-like high speed services into rural and remote communities, and establish new levels of performance for commercial and government broadband on land, sea and in the air.
The Thales Alenia Space / Maxar consortium brings proven experience, industrial capability and a strong supplier base for fully integrated communications satellite systems, including payload antenna design, on-board processing and LEO satellite production. The companies have formed fully integrated teams across multiple work streams located in France, the U.S. and Canada in order to apply the consortium’s very best talent to every task. The Thales Alenia Space / Maxar solution will enable Telesat’s LEO constellation to deliver for its customers multi-Terabits of highly secure, low latency communications around the globe at the most competitive cost.
About Thales Alenia Space
Combining 40 years of experience and a unique diversity of expertise, talents and cultures, Thales Alenia Space architects design and deliver high technology solutions for telecommunications, navigation, Earth observation, environmental management, exploration, science and orbital infrastructures. Governments, institutions and companies rely on Thales Alenia Space to design, operate and deliver satellite-based systems that help them position and connect anyone or anything, everywhere, help observe our planet, help optimize the use of our planet's – and our solar system’s – resources. Thales Alenia Space believes in space as humankind’s new horizon, which will enable to build a better, more sustainable life on Earth. A joint venture between Thales (67%) and Leonardo (33%), Thales Alenia Space also teams up with Telespazio to form the parent companies’ Space Alliance, which offers a complete range of services and solutions. Thales Alenia Space posted consolidated revenues of 2.6 billion euros in 2017 and has 7,980 employees in nine countries. www.thalesaleniaspace.com
Thales Alenia Space Media Contacts:
As a global leader of advanced space technology solutions, Maxar Technologies (formerly MacDonald, Dettwiler and Associates) is at the nexus of the new space economy, developing and sustaining the infrastructure and delivering the information, services, systems that unlock the promise of space for commercial and government markets. As a trusted partner, Maxar Technologies provides vertically-integrated capabilities and expertise including satellites, Earth imagery, robotics, geospatial data and analytics to help customers anticipate and address their most complex mission-critical challenges with confidence. With more than 6,500 employees in over 30 global locations, the Maxar Technologies portfolio of commercial space brands includes MDA, SSL, DigitalGlobe and Radiant Solutions. Every day, billions of people rely on Maxar to communicate, share information and data, and deliver insights that Build a Better World. Maxar trades on the Toronto Stock Exchange and New York Stock Exchange as MAXR. For more information, visit www.maxar.com.
Nancy Coleman | Maxar Media Contact | 1-303-684-1674 | email@example.com
Jason Gursky | Maxar Investor Relations | 1-303-684-2207 | firstname.lastname@example.org
This release contains forward-looking statements and information, which reflect the current view of Maxar Technologies Ltd. (the “Company”) with respect to future events and financial performance. The forward-looking statements in this regard include statements regarding the development, design, manufacture and launch of a satellite constellation and end-to-end system. Any such forward-looking statements are based on the Company’s current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. The factors and assumptions underlying the forward-looking statements in this release include contracts with any government or intergovernmental agency not being terminated. Any such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from current expectations. The Company cautions readers that should certain risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. The risks that could cause actual results to differ from current expectations include, but are not necessarily limited to: changes in government or intergovernmental priorities, mandates, funding levels, contracts and regulations; satellite development and construction delays; launch delays; launch failures; in-orbit failures; failure of third parties and subcontractors; and failure to anticipate changes in technology, technical standards and offerings or compliance with the requisite standards, or failure to maintain technological advances and offer new products to retain customers and market position.
For additional information with respect to certain of these risks or factors, plus additional risks or factors, reference should be made to the Company's continuous disclosure materials filed from time to time with Canadian and U.S. securities regulatory authorities, which are available online under the Company's SEDAR profile at www.sedar.com, under the Company's EDGAR profile at www.sec.gov, or on the Company's website at www.maxar.com.