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Maxar (MAXR) Gets Contract Extension From 3 Defense Customers
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Maxar Technologies Inc. has announced contract extensions with three international defense and intelligence customers.
Totaling more than $100 million, the agreements allow these customers to directly task and download 30 cm-class satellite imagery to their ground stations from Maxar’s constellation under Maxar’s Direct Access Program.
This program enables defense, intelligence and commercial customers to access advanced Earth imaging satellites, with encrypted downlinks and data distribution rights.
Maxar is making progress on its growth plans, with solid bookings in both the Earth Intelligence and Space Infrastructure segments. The stock has, however, lost 13.9% in the past year against the industry’s growth of 12.2%.
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One of the contracts provides a commitment to purchase direct access to Maxar’s WorldView Legion satellites, the first of which is expected to launch between May 15, 2022, and Jun 13, 2022.
This is the company’s second commitment for WorldView Legion capacity. In July 2021, Maxar announced that it has secured a multi-year, $35 million contract for WorldView Legion satellite constellation capacity through an expanded agreement with a key international defense and intelligence customer.
Maxar’s customers continue to rely on the unmatched quality of its imagery to meet national security requirements. There is significant potential for growth among three key components of Maxar’s addressable market — the U.S. government, other international governments and commercial customers.
Clearfield, Inc. (CLFD - Free Report) is a better-ranked stock in the broader Zacks Computer and Technology sector, sporting a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has been revised 8.8% upward over the past 60 days.
Clearfield delivered a trailing four-quarter earnings surprise of 50.8%, on average. The stock has rallied 201.4% in the past year.
Qualcomm, Inc. (QCOM - Free Report) , carrying a Zacks Rank #2 (Buy), is another solid pick for investors. The consensus estimate for next-year earnings has been revised upward by 1.2% over the past seven days.
Qualcomm delivered a trailing four-quarter earnings surprise of 11.2%, on average. It has appreciated 21.9% in the past year.
Sierra Wireless, Inc. carries a Zacks Rank #2. The consensus mark for current-year earnings has been revised 20.5% upward over the past 60 days.
Sierra Wireless pulled off a trailing four-quarter earnings surprise of 34.2%, on average. The stock has returned 13.8% in the past year.
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Maxar (MAXR) Gets Contract Extension From 3 Defense Customers
Maxar Technologies Inc. has announced contract extensions with three international defense and intelligence customers.
Totaling more than $100 million, the agreements allow these customers to directly task and download 30 cm-class satellite imagery to their ground stations from Maxar’s constellation under Maxar’s Direct Access Program.
This program enables defense, intelligence and commercial customers to access advanced Earth imaging satellites, with encrypted downlinks and data distribution rights.
Maxar is making progress on its growth plans, with solid bookings in both the Earth Intelligence and Space Infrastructure segments. The stock has, however, lost 13.9% in the past year against the industry’s growth of 12.2%.
One of the contracts provides a commitment to purchase direct access to Maxar’s WorldView Legion satellites, the first of which is expected to launch between May 15, 2022, and Jun 13, 2022.
This is the company’s second commitment for WorldView Legion capacity. In July 2021, Maxar announced that it has secured a multi-year, $35 million contract for WorldView Legion satellite constellation capacity through an expanded agreement with a key international defense and intelligence customer.
Maxar’s customers continue to rely on the unmatched quality of its imagery to meet national security requirements. There is significant potential for growth among three key components of Maxar’s addressable market — the U.S. government, other international governments and commercial customers.
MAXR currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Clearfield, Inc. (CLFD - Free Report) is a better-ranked stock in the broader Zacks Computer and Technology sector, sporting a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has been revised 8.8% upward over the past 60 days.
Clearfield delivered a trailing four-quarter earnings surprise of 50.8%, on average. The stock has rallied 201.4% in the past year.
Qualcomm, Inc. (QCOM - Free Report) , carrying a Zacks Rank #2 (Buy), is another solid pick for investors. The consensus estimate for next-year earnings has been revised upward by 1.2% over the past seven days.
Qualcomm delivered a trailing four-quarter earnings surprise of 11.2%, on average. It has appreciated 21.9% in the past year.
Sierra Wireless, Inc. carries a Zacks Rank #2. The consensus mark for current-year earnings has been revised 20.5% upward over the past 60 days.
Sierra Wireless pulled off a trailing four-quarter earnings surprise of 34.2%, on average. The stock has returned 13.8% in the past year.