RICHMOND, BC, July 7, 2014 /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 contract valued at CA$14 million with the Land Title
and Survey Authority of British Columbia (LTSA) to provide an
operational electronic parcel map solution known as ParcelMap BC.
Under this project, MDA will design and implement a GIS-based system for
the LTSA to create and maintain a single, complete, trusted and
sustainable representation of British Columbia's integrated parcel
fabric. The project also involves consolidating existing surveyed
Crown parcel data, and titled land parcel data originally held in over
180 disparate local government datasets, into a single operational
database with each parcel connected to the Land Title Register or Crown
ParcelMap BC will provide a complete visual representation of British
Columbia's land parcels, which represents the current state of surveyed
and titled parcels on Crown and private land. This information will
allow the LTSA to deliver vital information about land to private
industry, government and the general public.
LTSA President and Chief Executive Officer Godfrey Archbold said, "The
LTSA is pleased to work with MDA and thanks stakeholders for their
contributions in making the ParcelMap BC initiative a reality."
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, 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 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 on the Toronto Stock Exchange under
the symbol "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 government 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 with any government 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: changes in government
priorities, mandates, policies, funding levels, contracts and
regulations; failure of third parties and subcontractors; and failure
of systems to meet performance requirements.
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