RICHMOND, BC, Oct. 30, 2013 /CNW/ - MacDonald, Dettwiler and Associates
Ltd. ("MDA" or the "Company") (TSX: MDA), a global communications and information company, announced today that
it has signed three contracts totaling approximately CA$2.5 million for
the provision of RADARSAT-2 information and services.
Two contracts were signed with an undisclosed national oil company for
MDA to provide space-based monitoring for offshore exploration and
production activity, and extend its provision of RADARSAT information.
MDA's monitoring solutions for the oil industry help identify and then
track the rate and direction of oil slicks at sea.
The third contract is to provide RADARSAT-2 information to the National
Oceanic and Atmospheric Administration. The contract includes renewal
options for two additional years. The information will be used to
provide ice products and services to meet the strategic, operations,
and tactical requirements of the United States across a global area of
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 4,500
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 various contracts. 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 the
subject contracts 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.
Risks that could cause actual results to differ from current
expectations include, but are not limited to: changes in a contracting
entity's priorities, mandates, policies, funding levels, contracts and
regulations; cancelation of contract or change of requirements; failure
of third parties and subcontractors; and failure of systems to meet
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