RICHMOND, BC, June 25 /CNW/ - MacDonald, Dettwiler and Associates Ltd.
(TSX: MDA), a provider of essential information solutions, announced today it
has signed a $25 million (CAD) contract with the Government of Canada to
provide the Department of National Defence (DND) with a comprehensive
broad-area maritime surveillance solution based on MDA's RADARSAT-2. In June
2007, MDA received a contract for $2.8 million (CAD) to conduct the Definition
Phase for project Polar Epsilon, and the award of this $25 million contract
initiates the Implementation Phase of this maritime and Arctic surveillance
Polar Epsilon is a project targeted to deliver space-based, day and
night, all-weather maritime surveillance information of Canada's Arctic and
its ocean approaches, and includes global high-resolution surveillance
capabilities to support deployed Canadian Forces. Polar Epsilon will monitor
vessels within Canadian and international waters using MDA's RADARSAT-2. MDA's
solution will significantly enhance MDA's existing ship detection capabilities
through an on-orbit upgrade of RADARSAT-2's imaging capabilities. The solution
will also include east and west coast real-time ground systems and an advanced
ship information extraction system to exploit the new data.
For further information about Polar Epsilon, please see the backgrounder,
available on the DND website at:
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 organizations
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
MDA employs more than 3,200 people in locations across the United States,
the United Kingdom, and Canada. 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. with
respect to future events and financial performance. Any such forward-looking
statements are subject to risks and uncertainties and MDA's actual results of
operations could differ materially from historical results or current
expectations. Additional information on these and other potential factors that
could affect MDA's financial results are detailed in documents filed from time
to time with the applicable Canadian securities regulatory authorities.
The Toronto Stock Exchange has neither approved nor disapproved the form
or content of this release.
For further information:
For further information: Wendy Keyzer, MDA, External Relations, (604)