Posted: Thursday, October 6, 2016
MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX:MDA), a global communications and information company, today announced that the Department of National Defence (DND) has exercised an option for a contract announced in June 2016. MDA will provide advanced space-based Synthetic Aperture Radar (SAR) capabilities for the DND Polar Epsilon 2 (PE2) project; a broad-area maritime surveillance system using the Government of Canada’s RADARSAT Constellation Mission (RCM). The option is valued at CA$15 million (including taxes).
The PE2 ground systems will include ground segment systems with the capability to receive and utilize information from the RCM SAR satellites, currently being built by MDA for the Canadian Space Agency. PE2 will provide the DND with daily maritime information over millions of square kilometers from SAR imagery, all within minutes of imaging.
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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