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MDA Signs Extensions to Long-Term RADARSAT-2 Information Supply Contracts
Tuesday, February 7, 2017Company Profile | Careers | Follow Company
Richmond, BC, February 7, 2017--(T-Net)--MacDonald, Dettwiler and Associates Ltd. (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 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.
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About MDA
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 the subject contract 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. Risks that could cause actual results to differ from current expectations include, but are not limited to: changes in a contracting entity's priorities, mandates, policies, funding levels, contracts and regulations; failure of third parties and subcontractors; and failure of systems to meet performance requirements.
Wendy Keyzer
MDA External Relations
Telephone: 604-231-2743
E-mail: wendy@mdacorporation.com
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