How Does Government Spending Affect Inflation?

WILLIAM DUPOR | 128 views

Lackluster U.S. gross domestic product (GDP) growth may lead to renewed calls for new government spending to stimulate the economy.1 One possible justification is that an increase in government purchases might drive up the cost of production. In turn, this would drive up inflation. So long as the Federal Reserve does not counteract this increase with restrictive monetary policy, the increase in inflation might drive down the real interest rate.2 A lower cost of borrowing might drive up households' consumption and businesses' investment in equipment and structures.

Spotlight

The City of Rocky Mount

Located in the Coastal Plains of NC and less than an hour northeast of Raleigh. Rocky Mount is a two-time All-America City on the Tar River. Serving as the Gateway to Eastern North Carolina. More than 58,000 residents call Rocky Mount their home.Rocky Mount is the hub of a 250,000 metropolitan area (within a 25 mile radius).

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EMERGING TECHNOLOGY

How Does Government Operations Continuity Help Them Perform Better?

Article | July 13, 2022

One of the challenges the government faced during the COVID-19 pandemic was keeping operations running. Certain advanced economies and developing nations' business continuity plans gave them an edge over their underdeveloped counterparts. But because of the pandemic, the national economy had suffered the pangs of unemployment to fuel the malicious intents of cyber-attackers, thus, protecting government assets that carried important economic information became a national priority. National security and staying competitive with other economies worldwide are becoming increasingly crucial in elevating a country’s economy. Keeping all public-sector companies and federal agencies running efficiently is a foundational block for the economy. Companies in public administration, like the Army, Navy, and Marine Corps, as well as different ministries, public sector businesses, and more, need data protection from international cyber-threats. They use disruptive business strategies to make their operations more resilient. Now, that we know the importance of business continuity in the context of federal government and agencies, let us understand what risks does business continuity management mitigate. Business Continuity Management in Government Easily Mitigates: Individuals rely on the government during economic crises and disasters. A crisis or a disaster can be a huge risk to the economy, which can bubble up to an irreversible loss if not handled on a timely basis. Mitigating the risks of crises such as natural disasters, cyber security compromises, power and communication outages, terrorism, wars and military activities, global financial crises and more has become crucial. These crises can cause the loss of physical assets, human safety, and infrastructure that hamper government operations. This is why having a BCM plan in place is the need of the hour. The government must serve and meet the expectations of economic contributors. If there is a divergence or a timely action constraint, the government must maintain peace and harmony for the common good and economic well-being. Government Continuity to Support Individuals and Public Organizations: Resuming operations for public organizations and individuals quickly can be almost impossible without the intervention and support of the government. Government continuity is directly proportional to the level of trust, government reputation, and business resiliency. This is possible because the financial loss can be covered by insurance and financial help, as explained below. Insurance Policy Claims and Coverage: Making it easy to claim insurance during and after the crisis helps individuals and organizations reclaim their finances, thereby restoring essential functions first and full-fledged functions later. Providing reimbursement of expenses and coverage for losses for public organizations and financial assistance for the public sector remains one of the top priorities as far as resuming business operations is concerned post-disaster. Making sure that the insurance can cover the expenses and losses incurred due to the disaster is a part of the business impact analysis (BIA). Resiliency: Restoring public sector infrastructure in an operating condition, overcoming operational obstacles such as IT, power, and communication outages in a short span of time, and maintaining due vigilance to keep a check on national security builds business resiliency for the public sector. Reputation and Recovery Management: Reducing the turn-around time to fix and restore normal operations after a disaster provides operational resiliency through recovery management. This keeps a check on the best interests of the economic contributors and enhances their trust and the government’s reputation in the long run. Now that we understand the risks that a BCP can help mitigate and the role of government policies to support the economic contributors, let us understand how it improves the overall performance of a public organization. Business Continuity Management for Better Performing Public Organizations: The federal governments and public organizations have implemented an agile approach to bounce back from disasters, catastrophes, and crises using BCM. Because of this, the federal government is heavily invested into business continuity plans (BCPs) to improve how well their operations work and keep the economy and government stable. The factors impacting the performance of public organizations using a BCM are as below: Public organizations must know how BCM components influence performance in public sector organizations. They must be aware of BCM and the successful implementation of effective BCM. However, some governments that do not invest in a BCM have a much lower level of awareness due to a lack of human resources, finance, and management. They are allocating enough budget for disaster prevention, preparedness, management, and relief considering the government's initiatives. But not getting enough help from the government can make people unhappy, which can hurt the ruling party and lead to people protesting for their rights. Even though there is no direct financial benefit or gain from investing in a BCM, BCM testing helps to improve performance significantly. For governments to consider investing in the successful implementation of BCM and get funding for it, BCM professionals need to predict and evaluate the potential loss due to idle service time and its results. Each government entity must identify the likelihood of risks, define the best rescue objectives, and indicate the most cost-effective clarification and knowledge about BCM. Another challenge is using BCM in organizations that cut across several business groups or completing it with collective business-wide support. These situations show that old management responsibility and regulation are useful for making sure that all members of an organization prefer BCM actions. Recognizing the potential impacts of BCM on organizational performance is required in order to provide accurate value to the BCM powers, attract consideration, and, finally, obtain adequate assistance from senior management. In the journey to optimizing the performance of your public sector company using BCM, there are many hurdles that you need to overcome. Let us discuss them further. Challenges in Maintaining BCPs and Performance Growth in the Public Sector: Maintaining a business continuity plan as per the recommended guidelines is crucial to optimize its performance and efficacy. Your public sector organization's BCP will need to overcome some of the challenges to enable their performance growth as follows: Dedication of time from the top management of the public organizations, the ministry, and leaders towards deciding which functions are essential to maintain the BCP. Lack of complete understanding of all the business functions and their dependencies on other public sector organizations. Comparing the business functions on the level of criticality. Not implementing the BCM approach completely. Tweaking the BCM approach to show everything is taken care of Inaccurate assumptions are used to create a business continuity plan. Business Impact Analysis (BIA) - Determining how long a business process can be rendered inoperable without affecting performance. The Business Continuity Plan (BCP) takes care of aspects such as: Who will be affected by the business operations disruption? How and when will customers be notified? What issues are to be addressed in the first 48 hours? From the initial response to restoration, unique access roles and functions are assigned. Testing of BCP should be done regularly with the help of table-top exercises, walkthroughs, crisis communications, emergency enactments The importance of a BCP cannot be undermined as it minimizes the cost of business disruptions on the operations of public organizations. Let us discuss them in-depth. The Cost of Not Having a Crisis Plan like a BCP for All Sizes of Public Organizations: Although the costs involved during times of crisis may be difficult to calculate, there may be significant infrastructure and data recovery charges that can have a long-term impact on business revenue. Monetary loss, revenue loss due to idle time, reputation loss, productivity loss are some of the consequences that small, medium, and large enterprises have to go through. The major losses among them are as under: Loss of time and revenue for recovery and resuming operations. The company's brand image and reputation are at stake. Financial instability and loss Productivity loss Customer satisfaction is hampered. Some laws and regulations are violated during idle time. Distrust and loss of faith among investors Employee safety is at risk with the consequences of injury and death. Loss of infrastructure A business continuity plan has four strategies to boost business resilience. These include crisis and risk management; disaster recovery; incident response management; and business continuity planning. Acting quickly to mitigate the risks of loss as per incident response management during the event of distress is the first step. Crisis and risk management take care of the plan of action during the event of distress. The disaster recovery plan takes care of resuming the business operations to their normal condition after the disaster has subsided, whereas the business continuity plan takes care of all these aspects to minimize loss during distress as well as the time required to resume normal operations with the help of dedicated software. Conclusion: Performance optimization for public organizations is the number one priority for economic growth. A business continuity plan can directly boost performance as it encourages organizations to identify essential functions and maintain their operations during uncertain times. It helps save time, money, and safeguards people, processes, and technologies in the long run.

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GOVERNMENT BUSINESS

How Can State and Local Agencies Better Collaborate on Cybersecurity?

Article | July 11, 2022

Some state governments, such as Massachusetts, have established formal plans to work with localities within their states on cybersecurity. However, as ransomware attacks proliferate across the country and strike big cities and small towns alike, state-level organizations say there needs to be greater IT security coordination between states and municipalities. Last month, the National Governors Association and the National Association of State Chief Information Officers released a report, “Stronger Together: State and Local Cybersecurity Collaboration,” designed to showcase best practices for such collaboration.

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Bill Offers $400M for State, Local Government Cybersecurity

Article | May 26, 2021

With state and local governments beset by a precipitous rise in cyberattacks, new federal legislation might provide some necessary cover where needed. The State and Local Cybersecurity Improvement Act would create a grant program worth $400 million to finance cybersecurity efforts in communities across the country, according to a release. Eligible communities would be able to apply for funds, provided through the Department of Homeland Security, which would be allocated to assist in areas like vulnerability scanning and testing, cyberworkforce development and intelligence sharing, according to the bill text.

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U.S. Air Force and Microsoft partner to empower airmen with modern IT

Article | February 11, 2020

The U.S. Air Force is breaking the glass as a leader in harnessing the power of cloud, rapidly rolling out modern services to enable airmen to advance the mission through more effective collaboration. As part of their digital transformation journey to achieve global access, persistence, and awareness for the 21st century, the U.S. Air Force is deploying targeted workloads that allow airmen to focus on their missions rather than spending time managing IT infrastructure.

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Spotlight

The City of Rocky Mount

Located in the Coastal Plains of NC and less than an hour northeast of Raleigh. Rocky Mount is a two-time All-America City on the Tar River. Serving as the Gateway to Eastern North Carolina. More than 58,000 residents call Rocky Mount their home.Rocky Mount is the hub of a 250,000 metropolitan area (within a 25 mile radius).

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GOVERNMENT BUSINESS

Aurigo Software Achieves Amazon Web Services Government Competency Accreditation

Aurigo Software | December 09, 2022

Aurigo Software, North America's leading capital planning and construction management solution provider, today announced it has achieved Amazon Web Services (AWS) Government Competency status. Companies included on the prestigious list have demonstrated expertise in delivering technology to help government agencies meet mandates, reduce costs, drive efficiencies, and increase innovation. Aurigo's capital program management software is used by state and local government, federal agencies, and the transportation sector to plan, build, and maintain capital assets. Achieving this accreditation differentiates Aurigo as an AWS partner with deep domain knowledge and the ability to deploy solutions seamlessly through the AWS platform. The firm is one of only 36 product-led companies worldwide to make the list. "Aurigo is honored to achieve AWS Government Competency status, This is a testament to the outstanding team at Aurigo and the deep experience we have gained partnering with government agencies to deliver mission-critical software on the AWS cloud to help them plan and build modern and resilient infrastructure." -Balaji Sreenivasan, CEO and founder of Aurigo Software. AWS provides on-demand, distributed computing services to companies, non-profits, and government organizations. The firm is recognized as the market leader in providing solutions that enable scalable, flexible, and cost-effective data processing and storage in the cloud. AWS has a history of working with major government agencies to deliver technology with the highest levels of security, reliability, and performance. To support the seamless integration and deployment of these solutions, AWS established the AWS Competency Program to help government customers identify high-quality, trusted partners that have demonstrated technical proficiency and proven success in managing government workloads. Government Competency Partners provide solutions to—and have deep experience working with—public sector customers to deliver essential applications and workflows on AWS. They provide innovative, cloud-based solutions that comply with the highest AWS standards. "This designation differentiates Aurigo as the go-to, secure solution for government agencies, We look to partner with exceptional organizations like AWS to help our customers plan and build the roads, bridges, airports, and other infrastructure their communities need. Customers can be assured that Aurigo's SaaS products run on world-class cloud infrastructure with industry-leading best practices for security and availability." -Manish Sharma, Vice President, Engineering and Security at Aurigo Software. Aurigo has implemented capital program solutions for agencies such as the Utah Department of Transportation, the cities of Las Vegas, Seattle, and Houston, Portland Water Bureau, and Dallas Area Rapid Transit. The firm is the only construction technology company listed on the StateRAMP Authorized Vendor List and has been available on the Federal Risk and Authorization Management Program (FedRAMP) marketplace since 2020. About Aurigo Software: Aurigo builds software that helps build the world. Aurigo provides modern, cloud-based solutions for capital infrastructure and private owners to help plan with confidence, build with quality, and maintain their assets efficiently. With more than $300 billion of capital programs under management, Aurigo's solutions are trusted by over 300 customers in transportation, water and utilities, healthcare, higher education, and government on over 40,000 projects across North America. Aurigo helps capital program executives make better decisions based on proprietary artificial intelligence and machine learning technology. Aurigo is a privately held U.S. corporation headquartered in Austin, Texas, with global offices in Canada and India.

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GOVERNMENT BUSINESS

U.S. Department of Defense Awards $50 Million Contract to Kodiak Robotics for Autonomous U.S. Army Ground Reconnaissance Vehicles

Kodiak Robotics | December 07, 2022

Kodiak Robotics, Inc., a leading self-driving trucking company, today announced it has been awarded a $49.9 million, 24-month United States Department of Defense (DoD) agreement to help automate future U.S. Army ground vehicles led by the Army's Robotic Combat Vehicle (RCV) program. This effort will be in support of vehicles designed for reconnaissance, surveillance, and other high-risk missions. Through this award, which started in October 2022 and was awarded by DoD's Defense Innovation Unit (DIU) on behalf of the Army's RCV program office, Kodiak will leverage its commercial self-driving software to develop, test and deploy autonomous capabilities for driverless vehicles that further strengthen national security. Kodiak will develop autonomous vehicle technology for the Army to navigate complex terrain, diverse operational conditions and GPS-challenged environments, while also providing the Army the ability to remotely operate vehicles when necessary. Wartime is extraordinarily complex with high-risk challenges that often result in troops operating near or behind enemy lines. Deploying autonomous vehicles to perform such critical and dangerous tasks has the potential to significantly reduce the risk to troops, while giving them greater access to the information they need in the field. Additionally, the remote driving capabilities Kodiak will develop for the Army will increase the flexibility of these autonomous vehicles, while further reducing risk for soldiers. The project will also provide a technical pipeline that will enable the rapid development and deployment of new autonomous vehicle technologies as they become commercially available. "I started Kodiak because I believe autonomous technology can save lives, and helping the U.S. Army develop driverless vehicles for the most challenging operating environments fits perfectly with that goal, We are proud to have the opportunity to leverage our cutting-edge self-driving technology for defense applications, and believe our work with DIU and the U.S. Army will both help strengthen national security and hasten our path to commercial deployment. We owe a debt of gratitude to the servicemen and women who step into harm's way to keep us safe; keeping them safe in return is an honor we take seriously." -Don Burnette, founder and CEO, Kodiak Robotics. Kodiak Robotics was the only autonomous vehicle company initially selected for this award out of 33 submissions, thanks to its proven leadership in autonomous systems development and commercialization, as well as its intense focus on safety. In the first year of this effort, Kodiak will build upon its core competency by applying its robust autonomous software stack for Army specific use cases, including future Army vehicles. In year two, the company will implement its autonomous driving system on off-road vehicles capable of traversing complex terrain and operating remotely in unpredictable and austere conditions. DIU focuses exclusively on adopting and scaling technologies developed by commercial partners to help strengthen U.S. national security by solving critical field challenges faced by the U.S. military. DIU works to identify innovations in six key technology areas where the commercial sector is operating at the leading edge: artificial intelligence, autonomy, cyber, energy, human systems, and space. While Kodiak Robotics will continue to focus on its core business of building autonomous trucks for use in commercial applications, this project serves as an important extension that helps to propel its innovations forward. This project shows that Kodiak's core technology has multiple use cases, laying the groundwork for future expansion beyond long-haul trucking. About Kodiak Robotics, Inc: Kodiak Robotics, Inc. was founded in 2018 to develop autonomous technology that carries freight forward — so people, partners, and the planet thrive. The company is developing an industry-leading technology stack purpose-built specifically for long-haul trucks, making the freight industry safer and more efficient. Kodiak's unique modular hardware approach integrates sensors into a streamlined sensor-pod structure that optimizes for perception, scalability, and maintainability. The company delivers freight daily for its customers across the South, operating autonomously on the highway portions of the routes.

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GOVERNMENT BUSINESS

Maxar Secures NOAA Approval to Provide Non-Earth Imaging Services to Government and Commercial Customers

Maxar | December 06, 2022

Maxar Technologies (NYSE:MAXR) (TSX:MAXR), provider of comprehensive space solutions and secure, precise, geospatial intelligence, today announced that the National Oceanic and Atmospheric Administration (NOAA) has modified Maxar’s remote sensing license to enable the non-Earth imaging (NEI) capability for its current constellation on orbit as well as its next-generation WorldView Legion satellites. Through this new license authority, Maxar can collect and distribute images of space objects across the Low Earth Orbit (LEO)—the area ranging from 200 kilometers up to 1,000 kilometers in altitude—to both government and commercial customers. Maxar’s constellation is capable of imaging objects at less than 6 inch resolution at these altitudes, and it can also support tracking of objects across a much wider volume of space. Taken together, these capabilities can provide customers with accurate information to assist with mission operations and help address important Space Domain Awareness (SDA) and Space Traffic Management (STM) needs. “Maxar’s NEI capability has been licensed at a pivotal time for the space industry, when the rapid proliferation of space objects is creating an increasingly crowded Low-Earth Orbital environment, creating new risks for government and commercial missions, Thanks to NOAA’s support and hard work, we are now able to leverage our long-held NEI capability to support critical national security missions, help commercial customers better protect and maintain their assets in orbit and provide a new tool to assist with broader space resiliency initiatives.” -Dan Jablonsky, Maxar President and Chief Executive Officer. The ability to provide high-resolution imagery of space objects is more important than ever. There are more than 4,800 active satellites on orbit today, and Euroconsult estimates that 17,000 more satellites will be launched in the next decade. At the same, it is estimated that there are millions of pieces of space debris in LEO, and an impact from even the smallest piece of debris can cause significant damage to a satellite in orbit. NEI can help address these challenges by bringing more transparency to the near-Earth space domain, thus helping operators better protect and maintain their assets. Maxar will work closely with government and commercial customers to utilize its NEI capabilities to help with a wide range of use cases, including: SDA: Helping identify and characterize space objects, as well as assess the operational environment for space operations. STM: Supporting on-orbit collision risk assessment and maneuver planning, end-of-life verification and controlled de-orbit collision avoidance. Ongoing satellite operations: Assist operators with navigation safety, asset health assessments and defunct satellite monitoring. National security missions: Providing support for the U.S. government and its allies. The company will begin deploying its NEI capability in 2023 with a select group of early adopters who need to understand and characterize space objects at scale. About Maxar: Maxar Technologies (NYSE:MAXR) (TSX:MAXR) is a provider of comprehensive space solutions and secure, precise, geospatial intelligence. 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.

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GOVERNMENT BUSINESS

Aurigo Software Achieves Amazon Web Services Government Competency Accreditation

Aurigo Software | December 09, 2022

Aurigo Software, North America's leading capital planning and construction management solution provider, today announced it has achieved Amazon Web Services (AWS) Government Competency status. Companies included on the prestigious list have demonstrated expertise in delivering technology to help government agencies meet mandates, reduce costs, drive efficiencies, and increase innovation. Aurigo's capital program management software is used by state and local government, federal agencies, and the transportation sector to plan, build, and maintain capital assets. Achieving this accreditation differentiates Aurigo as an AWS partner with deep domain knowledge and the ability to deploy solutions seamlessly through the AWS platform. The firm is one of only 36 product-led companies worldwide to make the list. "Aurigo is honored to achieve AWS Government Competency status, This is a testament to the outstanding team at Aurigo and the deep experience we have gained partnering with government agencies to deliver mission-critical software on the AWS cloud to help them plan and build modern and resilient infrastructure." -Balaji Sreenivasan, CEO and founder of Aurigo Software. AWS provides on-demand, distributed computing services to companies, non-profits, and government organizations. The firm is recognized as the market leader in providing solutions that enable scalable, flexible, and cost-effective data processing and storage in the cloud. AWS has a history of working with major government agencies to deliver technology with the highest levels of security, reliability, and performance. To support the seamless integration and deployment of these solutions, AWS established the AWS Competency Program to help government customers identify high-quality, trusted partners that have demonstrated technical proficiency and proven success in managing government workloads. Government Competency Partners provide solutions to—and have deep experience working with—public sector customers to deliver essential applications and workflows on AWS. They provide innovative, cloud-based solutions that comply with the highest AWS standards. "This designation differentiates Aurigo as the go-to, secure solution for government agencies, We look to partner with exceptional organizations like AWS to help our customers plan and build the roads, bridges, airports, and other infrastructure their communities need. Customers can be assured that Aurigo's SaaS products run on world-class cloud infrastructure with industry-leading best practices for security and availability." -Manish Sharma, Vice President, Engineering and Security at Aurigo Software. Aurigo has implemented capital program solutions for agencies such as the Utah Department of Transportation, the cities of Las Vegas, Seattle, and Houston, Portland Water Bureau, and Dallas Area Rapid Transit. The firm is the only construction technology company listed on the StateRAMP Authorized Vendor List and has been available on the Federal Risk and Authorization Management Program (FedRAMP) marketplace since 2020. About Aurigo Software: Aurigo builds software that helps build the world. Aurigo provides modern, cloud-based solutions for capital infrastructure and private owners to help plan with confidence, build with quality, and maintain their assets efficiently. With more than $300 billion of capital programs under management, Aurigo's solutions are trusted by over 300 customers in transportation, water and utilities, healthcare, higher education, and government on over 40,000 projects across North America. Aurigo helps capital program executives make better decisions based on proprietary artificial intelligence and machine learning technology. Aurigo is a privately held U.S. corporation headquartered in Austin, Texas, with global offices in Canada and India.

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GOVERNMENT BUSINESS

U.S. Department of Defense Awards $50 Million Contract to Kodiak Robotics for Autonomous U.S. Army Ground Reconnaissance Vehicles

Kodiak Robotics | December 07, 2022

Kodiak Robotics, Inc., a leading self-driving trucking company, today announced it has been awarded a $49.9 million, 24-month United States Department of Defense (DoD) agreement to help automate future U.S. Army ground vehicles led by the Army's Robotic Combat Vehicle (RCV) program. This effort will be in support of vehicles designed for reconnaissance, surveillance, and other high-risk missions. Through this award, which started in October 2022 and was awarded by DoD's Defense Innovation Unit (DIU) on behalf of the Army's RCV program office, Kodiak will leverage its commercial self-driving software to develop, test and deploy autonomous capabilities for driverless vehicles that further strengthen national security. Kodiak will develop autonomous vehicle technology for the Army to navigate complex terrain, diverse operational conditions and GPS-challenged environments, while also providing the Army the ability to remotely operate vehicles when necessary. Wartime is extraordinarily complex with high-risk challenges that often result in troops operating near or behind enemy lines. Deploying autonomous vehicles to perform such critical and dangerous tasks has the potential to significantly reduce the risk to troops, while giving them greater access to the information they need in the field. Additionally, the remote driving capabilities Kodiak will develop for the Army will increase the flexibility of these autonomous vehicles, while further reducing risk for soldiers. The project will also provide a technical pipeline that will enable the rapid development and deployment of new autonomous vehicle technologies as they become commercially available. "I started Kodiak because I believe autonomous technology can save lives, and helping the U.S. Army develop driverless vehicles for the most challenging operating environments fits perfectly with that goal, We are proud to have the opportunity to leverage our cutting-edge self-driving technology for defense applications, and believe our work with DIU and the U.S. Army will both help strengthen national security and hasten our path to commercial deployment. We owe a debt of gratitude to the servicemen and women who step into harm's way to keep us safe; keeping them safe in return is an honor we take seriously." -Don Burnette, founder and CEO, Kodiak Robotics. Kodiak Robotics was the only autonomous vehicle company initially selected for this award out of 33 submissions, thanks to its proven leadership in autonomous systems development and commercialization, as well as its intense focus on safety. In the first year of this effort, Kodiak will build upon its core competency by applying its robust autonomous software stack for Army specific use cases, including future Army vehicles. In year two, the company will implement its autonomous driving system on off-road vehicles capable of traversing complex terrain and operating remotely in unpredictable and austere conditions. DIU focuses exclusively on adopting and scaling technologies developed by commercial partners to help strengthen U.S. national security by solving critical field challenges faced by the U.S. military. DIU works to identify innovations in six key technology areas where the commercial sector is operating at the leading edge: artificial intelligence, autonomy, cyber, energy, human systems, and space. While Kodiak Robotics will continue to focus on its core business of building autonomous trucks for use in commercial applications, this project serves as an important extension that helps to propel its innovations forward. This project shows that Kodiak's core technology has multiple use cases, laying the groundwork for future expansion beyond long-haul trucking. About Kodiak Robotics, Inc: Kodiak Robotics, Inc. was founded in 2018 to develop autonomous technology that carries freight forward — so people, partners, and the planet thrive. The company is developing an industry-leading technology stack purpose-built specifically for long-haul trucks, making the freight industry safer and more efficient. Kodiak's unique modular hardware approach integrates sensors into a streamlined sensor-pod structure that optimizes for perception, scalability, and maintainability. The company delivers freight daily for its customers across the South, operating autonomously on the highway portions of the routes.

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GOVERNMENT BUSINESS

Maxar Secures NOAA Approval to Provide Non-Earth Imaging Services to Government and Commercial Customers

Maxar | December 06, 2022

Maxar Technologies (NYSE:MAXR) (TSX:MAXR), provider of comprehensive space solutions and secure, precise, geospatial intelligence, today announced that the National Oceanic and Atmospheric Administration (NOAA) has modified Maxar’s remote sensing license to enable the non-Earth imaging (NEI) capability for its current constellation on orbit as well as its next-generation WorldView Legion satellites. Through this new license authority, Maxar can collect and distribute images of space objects across the Low Earth Orbit (LEO)—the area ranging from 200 kilometers up to 1,000 kilometers in altitude—to both government and commercial customers. Maxar’s constellation is capable of imaging objects at less than 6 inch resolution at these altitudes, and it can also support tracking of objects across a much wider volume of space. Taken together, these capabilities can provide customers with accurate information to assist with mission operations and help address important Space Domain Awareness (SDA) and Space Traffic Management (STM) needs. “Maxar’s NEI capability has been licensed at a pivotal time for the space industry, when the rapid proliferation of space objects is creating an increasingly crowded Low-Earth Orbital environment, creating new risks for government and commercial missions, Thanks to NOAA’s support and hard work, we are now able to leverage our long-held NEI capability to support critical national security missions, help commercial customers better protect and maintain their assets in orbit and provide a new tool to assist with broader space resiliency initiatives.” -Dan Jablonsky, Maxar President and Chief Executive Officer. The ability to provide high-resolution imagery of space objects is more important than ever. There are more than 4,800 active satellites on orbit today, and Euroconsult estimates that 17,000 more satellites will be launched in the next decade. At the same, it is estimated that there are millions of pieces of space debris in LEO, and an impact from even the smallest piece of debris can cause significant damage to a satellite in orbit. NEI can help address these challenges by bringing more transparency to the near-Earth space domain, thus helping operators better protect and maintain their assets. Maxar will work closely with government and commercial customers to utilize its NEI capabilities to help with a wide range of use cases, including: SDA: Helping identify and characterize space objects, as well as assess the operational environment for space operations. STM: Supporting on-orbit collision risk assessment and maneuver planning, end-of-life verification and controlled de-orbit collision avoidance. Ongoing satellite operations: Assist operators with navigation safety, asset health assessments and defunct satellite monitoring. National security missions: Providing support for the U.S. government and its allies. The company will begin deploying its NEI capability in 2023 with a select group of early adopters who need to understand and characterize space objects at scale. About Maxar: Maxar Technologies (NYSE:MAXR) (TSX:MAXR) is a provider of comprehensive space solutions and secure, precise, geospatial intelligence. 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.

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