RICHMOND, BC, Sept. 15, 2016 /CNW/ - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX:MDA), a global communications and information company, today announced that the Royal Canadian Navy (RCN) has awarded MDA a contract valued at approximately CA$9 million, if options are fully exercised. The contract includes a base value of CA$5.3 million over three years and two additional one year options, each valued at approximately CA$1.8 million. Under this contract, MDA will continue the iterative development and expansion of RCN's Naval Operations Software Solutions (NOSS) until 2021. MDA was originally awarded the contract in 1997 and has been continually upgrading and enhancing the capability for the RCN since that time.
NOSS is an operational maritime command, control and information management system that is utilized by RCN personnel, 24 hours per day, for shore and ship based command and control, and military message handling and distribution. The system also allows the RCN to manage dynamic information on the location and status of RCN vessels and the vessel's personnel, and all other vessels within areas of interest to Canada's Department of National Defence (DND). The command centres located in Halifax, Nova Scotia, and Esquimalt, British Columbia receive various maritime data and information feeds and then distributes the information globally to all operational units. NOSS connects directly to DND's strategic communications infrastructure and interfaces to other Canadian government departments and allies.
Norman Hannaford, MDA's general manager responsible for this business said, "MDA is proud to develop and enhance this world-leading, fully operational maritime intelligence infrastructure capability and in supporting the RCN for over two decades."
MDA is a global communications and information company providing operational solutions to commercial and government organizations worldwide.
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 established global customer base is served by more than 4,800 employees operating from 13 locations 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 necessarily limited to: changes in government priorities, mandates, funding levels, contracts and regulations; failure of third parties and subcontractors; failure to anticipate changes in technology, technical standards and offerings or to 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 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: Wendy Keyzer, MDA External Relations, (604) 231-2743, [email protected]