Posted: Friday, February 12, 2016
MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX:MDA), a global communications and information company, today announced that it has been awarded three contracts with undisclosed customers in the oil and gas sector. MDA will deliver RADARSAT-2 surface movement monitoring products and services that accurately measure ground movement.
MDA’s RADARSAT-2 satellite generates data that, when processed using Interferometric Synthetic Aperture Radar (InSAR) techniques, delivers surface movement measurements. Oil field and pipeline operators use this information to safely manage operations, comply with regulatory reporting requirements, and reduce risks to the environment.
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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