Richmond, BC - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX: MDA), a global communications and information company, announced today that it has signed a contract valued at US$1.7 million with the U.S. National Fish and Wildlife Foundation (“NFWF”), headquartered in Washington, DC. NFWF is working to protect delicate ecological environments by funding a satellite monitoring pilot program designed to detect illegal discharges of oil from vessels operating in the U.S. Exclusive Economic Zone (“EEZ”) and to reduce the number of those incidents.
Over the course of the 18-month program, MDA and NFWF, in consultation with the U.S. Coast Guard, will coordinate the collection and analysis of satellite-based ship and oil detection information to help promote environmental compliance within the U.S. EEZ and to prevent environmental crimes from recurring.
The monies for the monitoring program originated from community service funds directed to NFWF pursuant to a sentence issued in the successful prosecution of an environmental crimes case involving the illegal dumping of oil from vessels, the bypassing of onboard pollution prevention equipment, and improper oil recordkeeping.
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. 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.
Established by Congress in 1984, the National Fish and Wildlife Foundation (NFWF) sustains, restores and enhances the nation's fish, wildlife, plants and habitats. Working with federal, corporate and individual partners, NFWF has funded more than 4,000 organizations and committed more than $2.1 billion to conservation projects. Learn more at www.nfwf.com.
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 changes in government priorities, mandates, policies, funding levels, contracts and regulations; partial or complete failure of a satellite or related subsystems; 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.