Posted: Thursday, February 2, 2017
MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX:MDA), a global communications and information company, today announced that it has signed three contract amendments with international customers to provide information collected by the RADARSAT-2 satellite. The contracts total approximately CA$8 million.
“Our customers have complex requirements. MDA is gratified to be a long-term partner in the satisfaction of those requirements and in enabling our customers to achieve mission success,” said David Belton, the vice president responsible for this business.
The contracts include:
The RADARSAT-2 satellite has global high-resolution surveillance capabilities that include a large collection capacity and high accuracy data acquisition. The satellite acquires data regardless of light or weather condition, and provides frequent re-visit imaging options. The information provided is ideally suited to markets that require either broad-area monitoring or targeted surveillance, such as defence and security, land use management, agriculture, disaster management, and natural resources.
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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