VANCOUVER, BC, May 17, 2017 /CNW/ - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX:MDA), a global communications and information company, today announced that it has signed a contract with the National Oceanic and Atmospheric Administration (NOAA). MDA will provide near real-time information from its RADARSAT-2 satellite that will be used to provide large and small scale ice and snow products, ice forecasting, and other monitoring services. The contract includes one base year and three annual renewal options.
David Belton, the vice-president responsible for the geospatial business said, "We have supported NOAA for almost two decades and this contract demonstrates the strong relationship we have and the importance of RADARSAT-2 imagery to the U.S. government."
The RADARSAT-2 satellite has global high-resolution surveillance capabilities that include a large collection capacity and high accuracy data acquisition. The satellite acquires data regardless of light or weather conditions, and provides frequent re-visit imaging options. The information provided is ideally suited to markets that require either broad-area monitoring or targeted surveillance, such as maritime surveillance, defence and security, land use management, agriculture, disaster management, and natural resources.
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 15 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 limited to: changes in government priorities, mandates, policies or funding levels through agency budget reductions; the imposition of budgetary constraints or a decline in government support or deferment of funding for programs in which the Company or its customers participate; the Company's ability to realize anticipated benefits of contract awards from the U.S. government and failure by the Company to comply with U.S. regulations could result in penalties or suspension; 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.
Wendy Keyzer | MDA Media Contact | 1-604-231-2743 | [email protected]
Marissa Poratto | MDA Investor Relations | 1-604-331-2044 | [email protected]
SOURCE MacDonald, Dettwiler and Associates Ltd.