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WESTMINSTER, Colo.–(BUSINESS WIRE)–Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a global technology innovator
powering the new space economy, today announced that its insurance
carriers have accepted the company’s $183 million claim for loss arising
from the WorldView-4 satellite on-orbit failure, and have agreed to pay
the company that full amount under their insurance policies.

Insurance proceeds have already been received from several insurers and
full payment is expected to be delivered within 30 days. Maxar will use
the proceeds to invest in its pre-existing capital priorities, including
the development of its innovative WorldView Legion constellation.

The operations of DigitalGlobe, SSL and Radiant Solutions were unified
under the Maxar brand in February; MDA continues to operate as an
independent business unit within the Maxar organization.

About Maxar Technologies

As a global leader of advanced space technology solutions, Maxar 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. The
operations of DigitalGlobe, SSL and Radiant Solutions were unified under
the Maxar brand in February; MDA continues to operate as an independent
business unit within the Maxar organization. As a trusted partner with
5,900 employees in over 30 global locations, Maxar 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. 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 New York Stock Exchange and Toronto
Stock Exchange as MAXR. For more information, visit www.maxar.com.

Forward-Looking Statements

Certain statements and other information included in this release
constitute “forward-looking information” or “forward-looking statements”
(collectively, “forward-looking statements”) under applicable securities
laws. Statements including words such as “may”, “will”, “could”,
“should”, “would”, “plan”, “potential”, “intend”, “anticipate”,
“believe”, “estimate” or “expect” and other words, terms and phrases of
similar meaning are often intended to identify forward-looking
statements, although not all forward-looking statements contain these
identifying words. Forward-looking statements involve estimates,
expectations, projections, goals, forecasts, assumptions, risks and
uncertainties, as well as other statements referring to or including
forward-looking information included in this presentation.

Forward-looking statements are subject to various risks and
uncertainties which could cause actual results to differ materially from
the anticipated results or expectations expressed in this presentation.
As a result, although management of the Company believes that the
expectations and assumptions on which such forward-looking statements
are based are reasonable, undue reliance should not be placed on the
forward-looking statements because the Company can give no assurance
that they will prove to be correct. The risks that could cause actual
results to differ materially from current expectations include, but are
not limited to, the risk factors and other disclosures about the Company
and its business included in the Company’s continuous
disclosure materials filed from time to time with U.S. securities and
Canadian regulatory authorities, which are available online under the
Company’s EDGAR profile at www.sec.gov,
under the Company’s SEDAR profile at www.sedar.com or
on the Company’s website at www.maxar.com.

The forward-looking statements contained in this release are expressly
qualified in their entirety by the foregoing cautionary statements. All
such forward-looking statements are based upon data available as of the
date of this presentation or other specified date and speak only as of
such date. The Company disclaims any intention or obligation to update
or revise any forward-looking statements in this presentation as a
result of new information or future events, except as may be required
under applicable securities legislation.

Contacts

Investor Relations Contact:
Jason Gursky
Maxar VP
Investor Relations
1-303-684-2207
[email protected]
or
Media
Contact:

Turner Brinton
Maxar Media Relations
1-303-684-4545
[email protected]