RICHMOND, BC, Sept. 23 /CNW/ - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that it has signed a $5 million (CAD) contract with Collecte Localisation Satellites (CLS) of Toulouse, France. The contract extends an existing agreement to provide RADARSAT-2 information until December 31, 2012 to support the surveillance of the South Indian Ocean around Kerguelen Island to aid in detecting illegal, unregulated and unreported fishing ships.
MDA has previously delivered two RADARSAT-2 ground information solutions to CLS, providing seamless migration from their existing RADARSAT-1 ground information solution originally supplied by MDA in 2003.
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 worldwide.
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.
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.
CLS is a subsidiary of CNES (French space agency), IFREMER (French research institute for the exploration of the sea) and several French financial institutions. The company is specialized in satellite-based environmental data collection, location and ocean observations. CLS uses its know-how for environmental monitoring, sustainable management of marine resources and maritime safety. CLS is an international corporation with 330 employees: 225 in Toulouse, 15 in Brest and 90 in its 10 offices and subsidiaries around the world. In 2008, the company realized a sales turnover of 45 M(euro). With the VIGISAT project, CLS now establishes itself in Brest, thus approaching the ocean that the company has already been observing and studying for over 20 years.
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. 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. 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. The factors and assumptions underlying the forward-looking statements in this release include contracts not being terminated and the ongoing functioning of MDA's RADARSAT-2 satellite. 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 failure of third parties and subcontractors; satellite failure; failure of systems to meet performance requirements and failure to anticipate changes in technology, technical standards and product offerings or comply 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 MDA's continuous disclosure materials filed from time to time with Canadian securities regulatory authorities, which are available online at www.sedar.com or on MDA'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: For further information: Wendy Keyzer, MDA External Relations, (604) 231-2743, firstname.lastname@example.org