Maxar Awarded Contract to Build SXM-10 Satellite for SiriusXM

By: Maxar Technologies via Business Wire

August 24, 2021 at 06:00 AM EDT

Maxar Technologies (NYSE:MAXR) (TSX:MAXR) today announced it received an order to build another geostationary communications satellite for longtime customer SiriusXM, following the SXM-9 satellite order that was announced earlier this month.

SXM-10, a high-powered digital audio radio satellite, will be built on Maxar’s proven 1300-class platform at the company’s manufacturing facility in Palo Alto, California.

Maxar has been building satellites for SiriusXM for more than two decades, including the first-generation Sirius satellites launched in 2000, the second-generation Sirius satellites launched in 2009 and 2013, and the company’s third-generation satellites, the last one of which was launched earlier this year.

“Maxar has been manufacturing communications satellites for SiriusXM for decades, and we’re proud to continue this relationship for both SXM-9 and SXM-10,” said Chris Johnson, Maxar’s Senior Vice President of Space Programs Delivery.

About Maxar

Maxar is a trusted partner and innovator in Earth Intelligence and Space Infrastructure. We deliver disruptive value to government and commercial customers to help them monitor, understand and navigate our changing planet; deliver global broadband communications; and explore and advance the use of space. Our unique approach combines decades of deep mission understanding and a proven commercial and defense foundation to deploy solutions and deliver insights with unrivaled speed, scale and cost effectiveness. Maxar’s 4,400 team members in over 20 global locations are inspired to harness the potential of space to help our customers create a better world. Maxar trades on the New York Stock Exchange and Toronto Stock Exchange as MAXR. For more information, visit www.maxar.com.

About SiriusXM

Sirius XM Holdings Inc. (NASDAQ: SIRI) is the leading audio entertainment company in North America, and the premier programmer and platform for subscription and digital advertising-supported audio products. SiriusXM’s platforms collectively reach approximately 150 million listeners, the largest digital audio audience across paid and free tiers in North America, and deliver music, sports, talk, news, comedy, entertainment and podcasts. Pandora, a subsidiary of SiriusXM, is the largest ad-supported audio entertainment streaming service in the U.S. SiriusXM’s subsidiaries Stitcher, Simplecast and AdsWizz make it a leader in podcast hosting, production, distribution, analytics and monetization. The Company’s advertising sales organization, which operates as SXM Media, leverages its scale, cross-platform sales organization and ad tech capabilities to deliver results for audio creators and advertisers. SiriusXM, through Sirius XM Canada Holdings, Inc., also offers satellite radio and audio entertainment in Canada. In addition to its audio entertainment businesses, SiriusXM offers connected vehicle services to automakers. For more about SiriusXM, please go to: www.siriusxm.com.

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