On February 15, 2023, Maxar Technologies Inc. (“Maxar”)
issued a press release announcing the expiration of the “go-shop” period set forth in the previously announced Agreement
and Plan of Merger, dated as of December 15, 2022, by and among Maxar, Galileo Parent, Inc., Galileo Bidco, Inc, and solely for the purposes
set forth therein, Galileo Topco, Inc. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and
is incorporated herein by reference.
Additional Information About the Merger and Where to Find It
This communication relates to the proposed transaction involving Maxar.
In connection with the proposed transaction, Maxar has filed a preliminary proxy statement on Schedule 14A on January 31, 2023 with the
U.S. Securities and Exchange Commission (the “SEC”). Promptly after filing its definitive proxy statement with the SEC, Maxar
intends to mail the definitive proxy statement (the “Proxy Statement”) and a proxy card to each stockholder entitled to vote
at the special meeting relating to the proposed transaction. This communication is not a substitute for the Proxy Statement or any other
document that Maxar may file with the SEC or send to its shareholders in connection with the proposed transaction. BEFORE MAKING ANY VOTING
DECISION, SHAREHOLDERS OF MAXAR ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC, INCLUDING THE PROXY STATEMENT,
WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders
will be able to obtain the documents (when available) free of charge at the SEC’s website, www.sec.gov, or by visiting Maxar’s
investor relations website, https://investor.maxar.com/overview/default.aspx.
Participants in the Solicitation
Maxar and its directors and executive officers may be deemed to be
participants in the solicitation of proxies from the holders of Maxar’s common stock in respect of the proposed transaction. Information
about the directors and executive officers of Maxar and their ownership of Maxar’s common stock is set forth in the definitive proxy
statement for Maxar’s 2022 Annual Meeting of Stockholders, which was filed with the SEC on March 31, 2022, or its Annual Report
on Form 10-K for the year ended December 31, 2021, and in other documents filed by Maxar with the SEC. Other information regarding the
participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will
be contained in the Proxy Statement and other relevant materials to be filed with the SEC in respect of the proposed transaction when
they become available. Free copies of the Proxy Statement and such other materials may be obtained as described in the preceding paragraph.
Forward-Looking Statements
This communication contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995, as amended. Statements concerning general economic conditions, our financial
condition, including our anticipated revenues, earnings, cash flows or other aspects of our operations or operating results, and our expectations
or beliefs concerning future events; and any statements using words such as “believe,” “expect,” “anticipate,”
“plan,” “intend,” “foresee,” “should,” “would,” “could,” “may,”
“estimate,” “outlook” or similar expressions, including the negative thereof, are forward-looking statements that
involve certain factors, risks and uncertainties that could cause Maxar’s actual results to differ materially from those anticipated.
Such factors, risks and uncertainties include: (1) the occurrence of any event, change or other circumstances that could give rise to
the termination of the merger agreement between the parties to the proposed transaction; (2) the failure to obtain approval of the proposed
transaction from Maxar’s stockholders; (3) the failure to obtain certain required regulatory approvals or the failure to satisfy
any of the other closing conditions to the completion of the proposed transaction within the expected timeframes or at all; (4) risks
related to disruption of management’s attention from Maxar’s ongoing business operations due to the proposed transaction;
(5) the effect of the announcement of the proposed transaction on the ability of Maxar to retain and hire key personnel and maintain relationships
with its customers, suppliers and others with whom it does business, or on its operating results and business generally; (6) the ability
of Maxar to meet expectations regarding the timing and completion of the transaction; (7) the impacts resulting from the conflict in Ukraine
or related geopolitical tensions; (8) the impacts of the global COVID-19 pandemic or any other pandemics, epidemics or infectious disease
outbreaks; (9) Maxar’s ability to generate a sustainable order rate for the satellite and space manufacturing operations and develop
new technologies to meet the needs of its customers or potential new customers; (10) the impacts of any changes to the policies, priorities,
regulations, mandates and funding levels of governmental entities; (11) the impacts if Maxar’s programs fail to meet contractual
requirements or its products contain defects or fail to operate in the expected manner; (12) any significant disruption in or unauthorized
access to Maxar’s computer systems or those of third parties that it utilizes in its operations, including those relating to cybersecurity
or arising from cyber-attacks, and security threats could result in a loss or degradation of service, unauthorized disclosure of data,
or theft or tampering of intellectual property; (13) satellites are subject to construction and launch delays, launch failures, damage
or destruction during launch; (14) if Maxar satellites fail to operate as intended; (15) the impacts of any loss of, or damage to, a satellite
and any failure to obtain data or alternate sources of data for Maxar’s products; (16) any interruption or failure of Maxar’s
infrastructure or national infrastructure; (17) Maxar’s business with various governmental entities is concentrated in a small number
of primary contracts; (18) Maxar operates in highly competitive industries and in various jurisdictions across the world; (19) uncertain
global macro-economic and political conditions; (20) Maxar is a party to legal proceedings, investigations and other claims or disputes,
which are costly to defend and, if determined adversely to it, could require it to pay fines or damages, undertake remedial measures or
prevent it from taking certain actions; (21) Maxar’s ability to attract, train and retain employees; (22) any disruptions in U.S.
government operations and funding; (23) any changes in U.S. government policy regarding use of commercial data or space infrastructure
providers, or material delay or cancellation of certain U.S. government programs; (24) Maxar’s business involves significant risks
and uncertainties that may not be covered by insurance; (25) Maxar often relies on a single vendor or a limited number of vendors to provide
certain key products or services; (26) any disruptions in the supply of key raw materials or components and any difficulties in the supplier
qualification process, as well as any increases in prices of raw materials; (27) any changes in Maxar’s accounting estimates and
assumptions; (28) Maxar may be required to recognize impairment charges; (29) Maxar’s business is capital intensive, and it may
not be able to raise adequate capital to finance its business strategies, including funding future satellites, or to refinance or renew
its debt financing arrangements, or it may be able to do so only on terms that significantly restrict its ability to operate its business;
(30) Maxar’s ability to obtain additional debt or equity financing or government grants to finance operating working capital requirements
and growth initiatives may be limited or difficult to obtain; (31) Maxar’s indebtedness and other contractual obligations; (32)
Maxar’s current financing arrangements contain certain restrictive covenants that impact its future operating and financial flexibility;
(33) Maxar’s actual operating results may differ significantly from its guidance; (34) Maxar could be adversely impacted by actions
of activist stockholders; (35) the price of Maxar’s common stock has been volatile and may fluctuate substantially; (36) Maxar’s
operations in the U.S. government market are subject to significant regulatory risk; (37) failure to comply with the requirements of the
National Industrial Security Program Operating Manual could result in interruption, delay or suspension of Maxar’s ability to provide
its products and services, and could result in loss of current and future business with the U.S. government; (38) Maxar’s business
is subject to various regulatory risks; (39) any changes in tax law, in Maxar’s tax rates or in exposure to additional income tax
liabilities or assessments; (40) Maxar’s ability to use its U.S. federal and state net operating loss carryforwards and certain
other tax attributes may be limited; (41) Maxar’s operations are subject to governmental law and regulations relating to environmental
matters, which may expose it to significant costs and liabilities; and (42) the other risks listed from time to time in Maxar’s
filings with the SEC.
For additional information concerning factors that could cause actual
results and events to differ materially from those projected herein, please refer to Maxar’s Annual Report on Form 10-K for the
year ended December 31, 2021 and to other documents filed by Maxar with the SEC, including subsequent Current Reports on Form 8-K and
Quarterly Reports on Form 10-Q. Maxar is providing the information in this communication as of this date and assumes no obligation to
update or revise the forward-looking statements in this communication because of new information, future events, or otherwise.