Posted: Monday, June 25, 2012
MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that it has been selected by Israel Aerospace Industries Ltd. to supply the communications payload solution for the AMOS-6 satellite to be launched in 2014. The contract, in excess of CA$90 million, is expected to be finalized over the coming month. MDA has started work under an Authorization To Proceed.
Once launched, AMOS-6 is planned to enhance the capacity of the existing AMOS satellite constellation, owned and operated by Spacecom, Israel's satellite communications service provider. The constellation provides a large range of fixed and mobile communication services in the Middle East, Central and Eastern Europe, Central Asia, and Africa. The demand for satellite systems to meet the growing needs of information provision has opened a new market in Israel for MDA's communications products and services.
MDA provides advanced information solutions that capture and process vast amounts of data, produce essential information, and improve the decision making and operational performance of business and government organizations worldwide.
Focused on markets and customers with strong repeat business potential, MDA delivers a broad spectrum of information solutions, ranging from complex operational systems, to tailored information services, to electronic information products.
The Company's common shares trade on the Toronto Stock Exchange under the symbol TSX:MDA.
Israel Aerospace Industries (IAI) is one of Israel's leading technological-industrial companies with around 16,500 employees, and generates annual sales of approximately US$3.3 billion. The Company has gained worldwide recognition as the leader in the development of aviation and aerospace technology in the military and civilian markets alike.
IAI provides Israel Defense Forces (IDF) and its foreign customers with unique, high-quality technological solutions that meet a wide range of needs on the ground, in the sea, in the air, in space and in the field of homeland security. The Company is a world leader in a wide range of advanced technologies, including development, production, renovation, upgrading, repair and maintenance of aircraft, missiles, launchers, communications satellites, observation satellites and ground services, electronic systems, avionics systems, advanced radar, precision-guided munitions and unmanned aerial vehicles.
Related Websites: www.mdacorporation.com
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