MDA signs major RADARSAT-2 information solution
MacDonald, Dettwiler and Associates Ltd, a provider of essential information solutions, announced today that it has been contracted to provide a RADARSAT-2 information solution to a confidential defense intelligence agency. The contract is worth in excess of $11 million (US).
The solution is to be used to support a variety of surveillance and reconnaissance applications. The contract includes the provision of the first year of near real-time direct downlink of radar imagery from the RADARSAT-2 satellite. The solution is scheduled to be delivered and will become operational in 12 months.
This contract represents MDA’s ninth RADARSAT-2 information solution, including new and upgrades to existing customers. The addition of another RADARSAT-2 downlink license to our family of customers underscores the company’s ability to expand the reach of RADARSAT-2 into the growing international commercial satellite surveillance and reconnaissance market.
About MDA
MDA provides advanced information solutions that capture and process vast amounts of data, produce essential information, and improve the decision making and operational performance of business and government organizations worldwide.
Focused on markets and customers with strong repeat business potential, MDA delivers a broad spectrum of information solutions, ranging from complex operational systems, to tailored information services, to electronic information products.
MDA employs more than 3,300 people in locations across the United States, the United Kingdom, and Canada. The Company’s common shares trade on the Toronto Stock Exchange under the symbol TSX:MDA.
Related Websites: www.mdacorporation.com
Forward-Looking Statements This release contains forward-looking statements and information, which reflect the current view of MacDonald, Dettwiler and Associates Ltd. with respect to future events and financial performance. Any such forward-looking statements are subject to risks and uncertainties and MDA’s actual results of operations could differ materially from historical results or current expectations. Additional information on these and other potential factors that could affect MDA’s financial results are detailed in documents filed from time to time with the applicable Canadian securities regulatory authorities.
The Toronto Stock Exchange has neither approved nor disapproved the form or content of this release. For further information
Wendy Keyzer, MDA External Relations, (604) 231-2743, wendy@mdacorporation.com
