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Friday, March 31, 2023

Maxar (NYSE: MAXR) Wins US Army Contract Worth $48.3M

Maxar Technologies Inc. (NYSE: MAXR) disclosed that it has granted a U.S. Army contract worth as much as $48.3 million for support services in geospatial intelligence (GEOINT). The U.S. Army granted Maxar the Small Business Innovation Research (SBIR) Phase III deal in support of Army operations and intelligence to incorporate Combatant Commands and other regime investors.

Shares of Maxar Technologies soared 3.59% at $38.99 during the pre-market trading session of Monday. In the past 52-week of the trading session, the firm’s share wavered $8.65 and $58.75 from its 52-week low and high range, respectively.

Looking at its profitability, it has ROA, ROE, and ROI of 6.60%, 34.70%, and 0.50%. The market capitalization of Maxar stayed high, reaching $2.21 billion at the time of writing.

The Phase III pact includes two base and three option years. Work under the primary pact will be completed through March 4, 2023. Maxar disclosed that it is delighted to back the U.S. Army customer and Combatant Commands in their serious national security missions.

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