RICHMOND, BC, Oct. 21, 2013 /CNW/ - MacDonald, Dettwiler and Associates
Ltd. ("MDA" or the "Company") (TSX: MDA), a global communications and information company, announced today that
it has signed two contracts totaling CA$7.5 million for the provision
of RADARSAT-2 information and services.
The Norwegian Space Centre has extended the contract signed in January
2003 for MDA to provide RADARSAT-2 information to the Norwegian
government for a further three years for use in ice mapping, landslide
monitoring, oil spill detection, and ship detection services.
The second contract is an amendment for MDA to extend its provision of
RADARSAT-2 imagery until November 2014 in support of Europe's
Copernicus program (previously known as Global Monitoring for
Environment and Security), under a contract previously announced in August 2011. The RADARSAT-2 imagery will be used to provide mission critical
information for sea ice monitoring of the Baltic Sea, Arctic Ocean, and
Antarctic Ocean throughout the ice seasons, improving the safety of
maritime navigation and supporting environmental monitoring as part of
the Copernicus program. Copernicus was established to provide users in
Europe with access to accurate and timely information services to
better manage the environment, understand and mitigate the effects of
climate change and ensure civil security.
MDA is a global communications and information company providing
operational solutions to commercial and government organizations
MDA's business is focused on markets and customers with strong repeat
business potential. In addition, the Company conducts a significant
amount of advanced technology development.
MDA's well-established global customer base is served by more than 4,500
employees operating from 11 offices located in the United States,
Canada, and internationally.
The Company's common shares trade under the symbol TSX:MDA.
This release contains forward-looking statements and information, which
reflect the current view of MacDonald, Dettwiler and Associates Ltd.
("MDA" or the "Company") with respect to future events and financial
performance. The forward-looking statements in this regard include
statements regarding the award of contracts to governmental agencies.
Any such forward-looking statements are based on MDA's current
expectations, estimates, projections and assumptions in light of its
experience and its perception of historical trends. The factors and
assumptions underlying the forward-looking statements in this release
include contracts with any government agency not being terminated. Any
such forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results to differ materially from
current expectations. MDA cautions readers that should certain risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary significantly from those expected.
The risks that could cause actual results to differ from current
expectations include, but are not limited to: changes in government
priorities, mandates, policies, funding levels, contracts and
regulations; failure of third parties and subcontractors; and failure
of systems to meet performance requirements.
For additional information with respect to certain of these risks or
factors, plus additional risks or factors, reference should be made to
the Company's continuous disclosure materials filed from time to time
with Canadian securities regulatory authorities, which are available
online under the Company's profile at www.sedar.com or on the Company's website at www.mdacorporation.com.
The Toronto Stock Exchange has neither approved nor disapproved the form
or content of this release.
SOURCE MacDonald, Dettwiler and Associates Ltd.