Posted: Thursday, January 26, 2017
MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX:MDA), a global communications and information company, today announced that the Company, together with its wholly-owned subsidiary, SSL MDA Holdings, Inc. based in San Francisco, CA, and the U.S. Department of Defense have executed the signing of a Security Control Agreement.
This completes an important step in the process to position the Company to more effectively pursue the U.S. Government space and defense markets.
The Company will now pursue facility security clearance for its operations in Palo Alto, CA to fully execute the Company’s broader U.S. growth strategy.
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 15 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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