Posted: Wednesday, August 10, 2016
MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX:MDA), a global communications and information company, today announced that it has signed two contract amendments totaling CA$2.75 million with two existing long-term RADARSAT-2 customers. These customers use the RADARSAT information in the areas of oil spills, illegal fishing, agriculture, forestry, disaster management and maritime safety.
MDA will extend its provision of RADARSAT-2 data an additional two years to the Collecte Localisation Satellites (CLS) ground station located in Brest, France, and an additional three years to the Geo-Informatics and Space Technology Development Agency (GISTDA).
The RADARSAT-2 satellite has global high-resolution surveillance capabilities that include a large collection capacity and high accuracy. The satellite acquires data regardless of light or weather condition, provides frequent re-visit imaging options, and is supported by ground receiving stations that provide near real-time information delivery services. This versatility makes RADARSAT-2 a reliable source of information.
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 13 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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