Posted: Monday, April 18, 2016
MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX:MDA), a global communications and information company, today announced that the Government of Canada’s Department of National Defence (DND) has exercised its fourth renewal option for an operations contract announced in April 2013. MDA will continue to provide operational support for the east and west coast RADARSAT-2 ground systems that support the Polar Epsilon Near Real-Time Ship Detection (NRTSD) system. The option is estimated at CA$2.4 million and extends support until March 2017.
The NRTSD system is a broad-area surveillance system that was delivered by MDA to DND in 2012. The system delivers space-based, day and night, all-weather maritime surveillance information of Canada’s Arctic, Atlantic and Pacific Oceans and includes global high-resolution surveillance capabilities to support deployed Canadian Forces.
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.”
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