Posted: Tuesday, June 30, 2015
MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX:MDA), a global communications and information company, today announced that it has signed an Indefinite Delivery/Indefinite Quantity (IDIQ) contract with a total value over five years of up to CA$63.2 million with the U.S. Air Force (USAF). The initial authorization under this contract is for CA$6 million.
Under this contract, MDA will support the USAF with a high-precision flight path safety system that aids the design of airport approach and departure flight paths for pilots, allowing them to safely navigate in and out of airfields. The USAF system is deployed worldwide, supporting U.S. Department of Defense operations wherever operations to instrument flight rules are required.
This contract advances MDA’s 30 year history of delivering advanced aviation solutions to civil authorities and defence customers, leveraging MDA’s proven expertise of complex system integration and space-based information solutions. MDA’s aviation capabilities are based on our ability to work with customers to develop very large, real time safety-critical systems and provide lifetime modernization and support services to customers 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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