RICHMOND, BC, July 20, 2012 /CNW/ - MacDonald, Dettwiler and Associates
Ltd. (TSX: MDA), a provider of essential information solutions, announced today that
it has signed a contract amendment for CA$11.9 million to increase its
provision of RADARSAT-2 satellite imagery to Europe's Global Monitoring
for Environment and Security (GMES) program. The additional RADARSAT-2
imagery addresses the gap in data availability created by the recent
loss of the European Space Agency's (ESA) ENVISAT satellite and
fulfills ESA's maritime monitoring needs until the full operational
capacity of the Sentinel-1A satellite is available, which is expected
The RADARSAT-2 imagery will be used to provide mission critical
information for sea ice monitoring of the Baltic Sea, Arctic Ocean, and
Antarctic Ocean throughout the ice seasons, improving the safety of
maritime navigation and supporting environmental monitoring as part of
the GMES program. GMES was established to provide users in Europe with
access to accurate and timely information services to better manage the
environment, understand and mitigate the effects of climate change and
ensure civil security.
MDA provides advanced information solutions that capture and process
vast amounts of data, produce essential information, and improve the
decision making and operational performance of business and government
Focused on markets and customers with strong repeat business potential,
MDA delivers a broad spectrum of information solutions, ranging from
complex operational systems, to tailored information services, to
electronic information products.
The Company's common shares trade on the Toronto Stock Exchange 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 and amendment 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 changes in
government or intergovernmental priorities, funding levels, contracts
and regulations; satellite failure; failure to anticipate changes in
technology, technical standards and offerings or to comply with the
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