Benzinga | Oct 4, 2021 06:49AM EDT

Maxar Scoops US Government's G-EGD Contract

* 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.