8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

May 23, 2019

Date of Report (date of earliest event reported)

MAXAR TECHNOLOGIES INC.

(Exact name of Registrant as specified in its charter)

Delaware	001‑38228	83‑2809420
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification Number)

1300 W. 120th Avenue, Westminster, Colorado, 80234

(Address of principal executive offices)

303‑684‑2207

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8 K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b‑2 of the Securities Exchange Act of 1934 (§240.12b‑2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock, at $0.0001 par value	MAXR	New York Stock Exchange Toronto Stock Exchange
Series A Junior Participating Preferred Stock, at $0.01 par value	—	—

Item 8.01. Other Events.

On May 23, 2019, the Company issued a press release announcing it has been selected by NASA to build and perform a spaceflight demonstration of the lunar Gateway’s power and propulsion element spacecraft.

A copy of the Company’s press release regarding the foregoing is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description
99.1	Press Release of Maxar Technologies Inc., dated May 23, 2019.

2

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release of Maxar Technologies Inc., dated May 23, 2019.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	MAXAR TECHNOLOGIES INC.
Date: May 23, 2019
	By:	/s/ James C. Lee
		Name: James C. Lee
		Title: SVP, General Counsel and Secretary

EX-99.1

Exhibit 99.1

NEWS RELEASE

FOR IMMEDIATE RELASE

Maxar Selected to Build, Fly First Element of NASA’s Lunar Gateway

Maxar partners with Blue Origin and Draper to design, build and demonstrate operations of  a spacecraft that could support returning humans to the surface of the Moon by 2024

Westminster, Colo. – May 23, 2019 – Maxar Technologies (NYSE:MAXR) (TSX:MAXR), a global technology innovator powering the new space economy, today announced it has been selected by NASA to build and perform a spaceflight demonstration of the lunar Gateway’s power and propulsion element spacecraft. Blue Origin and Draper will join the Maxar-led team in designing, building and operating the spacecraft through the demonstration period. The power and propulsion element is a key component to NASA’s overall plans to land American astronauts on the surface of the Moon by 2024, and will be the first segment of the Gateway tested in space. 

Maxar previously conducted a four-month study to develop affordable and innovative electric-propulsion-enabled concepts for the power and propulsion element spacecraft. Building on the successful completion of the study, Maxar has been selected to proceed with development. The power and propulsion element will provide power, maneuvering, attitude control, communications systems and initial docking capabilities. Maxar is currently targeting launch of the element on a commercial rocket by late 2022.

“Maxar Space Solutions is proud to play a critical role in enabling American astronauts to build a sustainable presence on the Moon. Our power and propulsion element partnership enables NASA to leverage Maxar’s commercial capabilities to cost-effectively expedite plans for sustainable exploration of the Moon, while also providing significant benefits to American industry,” said Dan Jablonsky,  Maxar CEO. “As a valuable part of Maxar, our Space Solutions group serves the global commercial and U.S. government satellite market.”

This firm-fixed price award includes an indefinite-delivery/indefinite-quantity portion and carries a maximum total value of $375 million. Following a successful demonstration period of up to one-year, NASA could acquire the spacecraft for use as the first element of the Gateway.

“The Gateway will give us a strategic presence on and around the Moon. It will drive our activity with commercial and international partners and help us explore the entire lunar surface and its resources,” said William Gerstenmaier, associate administrator, Human Exploration and Operations Mission Directorate at NASA

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Headquarters in Washington. “We will ultimately translate that experience toward human missions to Mars.”

Maxar’s power and propulsion element design is based on our powerful 1300-class platform, which provides flexibility for a broad range of applications and technological advances. There are 91 spacecraft based on the 1300 currently on orbit for commercial operators – more than any other model of communications satellite. Maxar’s 1300-class spacecraft platform is also the basis for NASA’s Psyche mission, which will explore an all-metal asteroid beyond Mars in 2026, and NASA’s Restore-L spacecraft, which will refuel the Landsat-7 satellite in 2022.

High-power solar electric propulsion will be used to efficiently maneuver the power and propulsion element into its orbit and subsequently move the Gateway between lunar orbits over its lifetime to maximize NASA’s science and exploration operations.  Maxar’s extensive experience with solar electric propulsion includes 36 spacecraft on-orbit today and more than 100,000 hours of firing time.

A key element of Maxar’s power and propulsion element design is the Roll Out Solar Array (ROSA). ROSA is a groundbreaking, compact, modular and scalable solar array system that rolls up for launch instead of folding like an accordion. ROSA is a highly mass-efficient, qualified technology that can be scaled up to 200kW and above for high-power operations. ROSA was successfully tested on the International Space Station in 2017 and is available for use on all of Maxar’s spacecraft platforms. 

The operations of DigitalGlobe, SSL (Space Systems Loral) 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 (Space Systems Loral) 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

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"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.

Media Contact

Omar Mahmoud

Maxar Media Relations

1-650-852-5388

omar.mahmoud@maxar.com 

Investor Relations Contact

Jason Gursky

Maxar VP Investor Relations

1-303-684-2207

jason.gursky@maxar.com