From: MacDonald, Dettwiler and Associates Ltd.
Posted: Tuesday, January 31, 2017
MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX:MDA), a global communications and information company, today announced that it has signed a Master Services Agreement to modernize the land administration infrastructure for an undisclosed international customer. Under this agreement, the Company has been awarded CA$4.2 million for the initial design phase of a long-term modernization service.
The Master Services Agreement envisages that the design phase will be followed by a long-term service delivery phase, providing the customer for many years with a highly advanced, responsive, and cost-efficient land administration infrastructure, which is continuously updated and maintained.
Norman Hannaford, MDA’s vice president and general manager responsible for this business said, “Our ability to pursue this business is based on the advanced technology and processes we have developed with and for the Government of British Columbia over many years. Based on our market research we believe that our geospatial solutions in this domain are applicable to a number of other jurisdictions who are ready to modernize their land administration, and we are working on plans to pursue this business on a larger scale.”
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 15 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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