Maxar Provides Update on COVID-19 Operational Posture

WESTMINSTER, Colo., April 8, 2020 (Maxar PR) — Maxar has activated its standing pandemic crisis response plan to protect the health and safety of its team members, families, customers and communities while continuing to meet our commitments to customers. Our mitigation strategies cover employee preparation, travel, security, supply chain, virtual work, facility preparation and communications.

All Maxar locations are currently operational through a combination of work from home and limited personnel working onsite for essential operations, though in some cases capacity utilization and productivity are below normalized levels. As aerospace manufacturing, communications and defense are federal critical infrastructure sectors, Maxar is allowed to keep some of our workforce on site to maintain critical operations. And in doing so, the company continues to diligently follow CDC protocols including social distancing, alternating shifts, temperature checks, deep cleaning and isolation strategies for essential personnel working at Maxar sites.

Our protocols and operational posture are part of a greater collective effort across communities and regions to flatten the curve on COVID-19 case volumes to avoid overwhelming the capacity of the healthcare system.

It is difficult to predict exactly how the course of events will unfold in the months ahead, but Maxar is encouraged by the cooperation it has already seen between governments and the private sector.

Maxar Continues Delivery of Essential Services for Critical Missions

Maxar has long-held customer relationships with U.S. and allied governments and a diverse set of commercial companies, multi-year service contracts for data and data analytics in its Earth Intelligence segment and multi-year manufacturing and service contracts in its Space Infrastructure segment. Maxar continues to perform on all these contracts.

Maxar’s Earth Intelligence capabilities provide actionable insights that allow governments, commercial partners and non-governmental organizations to make decisions with confidence. Our Mission Operations Center is staffed 24/7, flying our WorldView imaging satellites and delivering timely data without interruption to customers over secure networks. Hundreds of Maxar team members perform classified geospatial intelligence work in support of national security missions, and nearly all of these employees have been able to continue their work remotely or at company facilities while many government facilities are closed.

More than 300,000 U.S. Government users have online access to Maxar’s imagery collections in near-real time. More than 50 allied nations around the world rely on Maxar products and services to augment their national intelligence missions. Additionally, the company is leveraging artificial intelligence and machine learning tools to automatically detect change and characterize levels of activity related to the COVID-19 pandemic, helping decision makers deploy resources efficiently and understand economic impacts.

In our Space Infrastructure segment, Maxar is responsible for providing operational support to 92 on-orbit, operating communications satellites worldwide. A large proportion of these provide critical communications to national governments, state and local first responders and television and radio networks. The company also continues work on various satellite programs that will provide important resiliency and continuity for these critical communications and network infrastructures.

In addition to communications satellites, Maxar is developing spacecraft and robotics for NASA that will demonstrate in-orbit satellite refueling and assembly; improve pollution monitoring in North America; explore an all-metal asteroid; and provide power and propulsion for the Gateway spacecraft that will enable a sustainable human deep-space presence in collaboration with international partners.

America, allied nations and citizens across the world are uniquely reliant on commercial firms for many essential services, and commercial firms like Maxar have a responsibility to continue delivering those services while minimizing risk to employees.

Financial Outlook

The near and long-term impacts of the current pandemic on the cost and schedule of the numerous programs in the Company’s existing backlog and the timing of new awards remains uncertain. The Company previously disclosed that it is observing stress in its supplier base in and outside the United States and that it continues to monitor and assess the actual and potential COVID-19 impacts on employees, customers, suppliers and the productivity of the work being done, all of which to some extent will affect revenue, earnings and cash flow. The company is currently assessing the U.S. Coronavirus Aid, Relief, and Economic Security (CARES) Act signed into law on March 27, which provides support for the resiliency of the defense industrial base and critical infrastructure industries.

The Company plans to provide an update on the impact of the COVID-19 pandemic on its financial outlook when it releases first quarter 2020 earnings on May 6, 2020.