Richmond, BC - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX: MDA), a global communications and information company, today announced that it has signed a four year contract with a ceiling of 31 million euros to provide RADARSAT-2 information to the European Maritime Safety Agency (EMSA). Under this contract, MDA will provide RADARSAT-2 information to support EMSA in the areas of maritime safety, law enforcement, border security, fisheries control, and marine pollution monitoring.
Supporting a broad base of European users, the RADARSAT-2 information will be used in detecting and monitoring oil spills as part of EMSA’s CleanSeaNet program. EMSA will also expand on its utilization of RADARSAT-2 information to increase the vessel detection and monitoring services that are supplied to FRONTEX, a European agency responsible for European border management. Additionally, EMSA will also broaden its use of RADARSAT-2 information to include support for the Copernicus Security Services for Maritime Surveillance (CSSMS) program.
David Belton, MDA’s manager responsible for this business said, “MDA has been closely working with EMSA for over a decade and we are very pleased that EMSA continues to increase its usage of RADARSAT information, including expansion into multiple maritime surveillance application areas. We are committed to working closely with EMSA to support their mission and we look forward to continuing this cooperation for many more years.”
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 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.