RICHMOND, BC, March 3, 2014 /CNW/ - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX: MDA), a global communications and information company, announced today that
it has received an order to provide RADARSAT-2 information to the European Maritime Safety Agency (EMSA) as part of EMSA's CleanSeaNet program. This order is the first issued under a four-year Indefinite
Delivery/Indefinite Quantity (IDIQ) agreement MDA has with EMSA. The
IDIQ has a ceiling of CA$7.5 million.
MDA will provide EMSA with RADARSAT-2 information covering all European
sea areas, for use in detecting possible oil spills on the sea surface,
and providing information for maritime surveillance projects, such as
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 4,800
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 with an intergovernmental
agency. 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 with any government or intergovernmental agency 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: risks
associated with operating a satellite including in-orbit failures or
impaired satellite performance; quality issues and failure of systems
to meet performance requirements or to be accepted by a customer;
changes in government or intergovernmental policies, priorities,
mandates, funding levels, contracts or regulations; and failure of
third parties or subcontractors.
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 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