Maxar Technologies announced that the Guyana Ministry of Natural Resources has entered into a three-year contractual agreement with Maxar to provide the nation with environmental monitoring services for both offshore and terrestrial applications. Guyana’s Environmental Protection Agency will utilize Maxar’s Crow’s Nest Maritime Monitoring and Security products to support offshore petroleum monitoring. The EPA will use the Crow’s Nest Maritime Tipping and Cueing Service, which leverages Maxar’s very-high resolution optical satellites, to monitor drilling vessels for regulatory compliance and safety. It will also use the Crow’s Nest Multi-Sensor Oil Detection Service to identify potential spills. The agreement with Guyana marks Maxar’s first Crow’s Nest contract in Latin America and the Caribbean. Also included in the agreement, the Guyana Forestry Commission will combine several Maxar capabilities to track illegal deforestation, protect mangroves and safeguard the country’s biodiversity.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on MAXR:
- Maxar Technologies announces completion of “go-shop” period
- Maxar Technologies awarded $192M contract by the NGA
- Maxar Technologies announces new contract awards from NGA worth up to $35.8M
- Morgan Stanley says space-related M&A highlight attractiveness of end market
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue