Posted: Wednesday, April 29, 2015
MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX:MDA), a global communications and information company, today announced that it has signed a six year contract with a ceiling of CA$29 million with the European Space Agency. MDA will provide RADARSAT-2 satellite information to Copernicus, a program funded by the European Union. This contract is inclusive of an initial firm order of CA$14.6 million. MDA has been providing RADARSAT-2 information to Europe’s Copernicus program (previously known as Global Monitoring for Environment and Security) since July 2009.
The RADARSAT-2 information will be used to provide mission critical information on sea ice in the Baltic Sea and Antarctic Ocean throughout the ice seasons, support disaster relief, improve the safety of maritime navigation, monitor assets, and support various mapping applications. The Copernicus program was established to provide users in Europe with access to accurate and timely information to better manage the environment, understand and mitigate the effects of climate change, and ensure civil security.
MDA is a global communications and information company providing operational solutions to commercial and government organizations worldwide.
MDA’s business is focused on markets and customers with strong repeat business potential, primarily in the Communications sector and the Surveillance and Intelligence sector. In addition, the Company conducts a significant amount of advanced technology development.
MDA’s established global customer base is served by more than 4,800 employees operating from 11 locations in the United States, Canada, and internationally.
The Company’s common shares trade on the Toronto Stock Exchange under the symbol “MDA.”
About the European Space Agency
The European Space Agency (ESA) provides Europe’s gateway to space. ESA is an intergovernmental organisation, created in 1975, with the mission to shape the development of Europe’s space capability and ensure that investment in space delivers benefits to the citizens of Europe and the world. ESA has 20 Member States: Austria, Belgium, the Czech Republic, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Poland, Portugal, Romania, Spain, Sweden, Switzerland and the United Kingdom, of whom 18 are Member States of the EU. Two other Member States of the EU, Hungary and Estonia, have signed Accession Agreements to the ESA Convention and will soon become new ESA Member States.
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