Posted: Wednesday, October 22, 2014
MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX:MDA), a global communications and information company, today announced that it has been awarded multiple contracts with undisclosed customers in the oil and gas, and mining sectors. MDA will deliver RADARSAT-2 surface movement monitoring products and services that accurately detect and report the extent of surface movement in localized areas.
RADARSAT-2 is capable of collecting images through all weather conditions, 24 hours a day. It is able to repeatedly image the same location on Earth over time, from the same orbital position, and generate data that is processed using Interferometric Synthetic Aperture Radar (InSAR) techniques to measure the movement of ground features to millimetres-level accuracy.
MDA’s wide-area surface movement monitoring solutions for the oil and gas, and mining sectors detect and track surface movement to support safe and efficient operations by protecting facilities, onsite personnel, and the surrounding environment. The dependable level of accuracy provided by RADARSAT-2 provides operators with accurate information to support environmental compliance and health and safety issues for customer sites around the world.
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 11 locations in the United States, Canada, and internationally.
The Company’s common shares trade on the Toronto Stock Exchange under the symbol “MDA.”
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