From: MacDonald, Dettwiler and Associates Ltd.
Posted: Thursday, September 14, 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 contract valued in excess of CA$7 million with the Korea Aerospace Research Institute (KARI), a national aerospace research institution. MDA will provide a communication subsystem to support the Korean Lunar Exploration Program, a project to develop the first lunar probe in Korea and secure the necessary technology for lunar exploration, such as an orbiter, a landing module, science payload, and deep space communication. MDA’s communication subsystem will provide relay information between the Lunar Orbiter and the ground station on Earth.
MDA’s antenna solutions cover a wide range of requirements to address single and multi-satellite programs in commercial, space, military and airborne markets. Combining leading edge technical capability with timely, cost effective execution and extensive heritage, MDA’s communication solutions provide a unique value proposition to customers worldwide.
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 TSX:MDA. For more information, visit www.mdacorporation.com
About SSL MDA Holdings
SSL MDA Holdings is a wholly owned subsidiary of MacDonald, Dettwiler and Associates Ltd. (MDA) and serves as the operating company for all MDA businesses. SSL MDA Holdings is headquartered in San Francisco, California.
About Korea Aerospace Research Institute
Korea Aerospace Research Institute (KARI) is a government funded research institute, engaged in development of the national economy and enhancement of national life through a new exploration and technological advancements, development, and dissemination in the field of aerospace science and technology. www.kari.re.kr
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