RICHMOND, BC, July 17, 2013 /CNW/ - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX: MDA), a global communications and information company, announced today that
it has signed a multi-million dollar contract with Collecte
Localisation Satellites (CLS), France. MDA will provide a RADARSAT-2
ground station and three years of RADARSAT information. The station
will be installed in Bali, Indonesia, providing maritime information
solutions to support the detection of illegal fishing activity and
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 in multi-faceted intelligence surveying and monitoring
MDA is a global communications and information company providing
operational solutions to commercial and government organizations
MDA's business is focused on markets and customers with strong repeat
business potential. In addition, the Company conducts a significant
amount of advanced technology development.
MDA's well-established global customer base is served by more than 4,500
employees operating from 11 offices located in the United States,
Canada, and internationally.
The Company's common shares trade under the symbol TSX:MDA.
This release contains forward-looking statements and information, which
reflect the current view of MacDonald, Dettwiler and Associates Ltd.
("MDA" or the "Company") with respect to future events and financial
performance. The forward-looking statements in this regard include
statements regarding the award of a contract. Any such forward-looking
statements are based on MDA's current expectations, estimates,
projections and assumptions in light of its experience and its
perception of historical trends. The factors and assumptions underlying
the forward-looking statements in this release include contracts not
being terminated. Any such forward-looking statements are subject to a
number of risks and uncertainties that could cause actual results to
differ materially from current expectations. MDA cautions readers that
should certain risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary significantly from
those expected. The risks that could cause actual results to differ
from current expectations include, but are not limited to, failure of
third parties and subcontractors, partial or complete failure of a
satellite or related systems; failure of systems to meet performance
requirements and failure to anticipate changes in technology, technical
standards and offerings or compliance with the requisite standards.
For additional information with respect to certain of these risks or
factors, plus additional risks or factors, reference should be made to
the Company's continuous disclosure materials filed from time to time
with Canadian securities regulatory authorities, which are available
online under the Company's profile at www.sedar.com or on the Company's website at www.mdacorporation.com.
The Toronto Stock Exchange has neither approved nor disapproved the form
or content of this release.
SOURCE: MacDonald, Dettwiler and Associates Ltd.
For further information:
MDA External Relations