Posted: Tuesday, February 11, 2014
MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX: MDA), a global communications and information company, announced today that it has been awarded three contracts valued at a few million dollars. The undisclosed customers, two of whom are major international oil and gas companies, will receive space-based monitoring services from MDA’s RADARSAT-2 satellite to support offshore exploration and production activities.
MDA’s monitoring solutions for the oil industry help track the rate and direction of oil movement by providing information over a very large area, in any kind of weather, day or night. This detailed information supports more efficient operations and a more effective response in the event of an oil spill.
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. 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.
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