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 contract for CA$7.4 million with Natural Resources Canada (NRCan). MDA will provide In-Service Support to maintain and operate Canada's national ground station infrastructure at Inuvik, Prince Albert, and Gatineau. MDA will also be the exclusive supplier of hosting services to a global base of satellite operators wishing to install and operate antennas at the Inuvik Satellite Station Facility (ISSF) for satellite control and data reception. The ISSF receives satellite information that is used for environmental monitoring, security and surveillance, and natural resource development.
For Canada, the ISSF enhances the country’s ability to monitor the Arctic, increases social and economic development in the North, and provides Canadian and international users with expanded and more rapid access to Earth observation data.
The contract extends the strategic collaboration between MDA and Natural Resources Canada in service of the RADARSAT-2 and RADARSAT Constellation Mission programs. The contract also positions MDA to supply satellite commanding and reception systems and services to other satellite operators at the ISSF. Don Osborne, MDA’s group vice president of Information Systems, said, “The expanded collaboration with NRCan creates numerous opportunities and enables both MDA and the government to benefit from Canada’s continued investment in the North.”
“Canada’s satellite monitoring facilities contribute to environmental protection and help ensure the security and prosperity of all Canadians,” said the Honourable Greg Rickford, Canada’s Minister of Natural Resources. “We are pleased to collaborate with MDA to ensure continued access to critical satellite data and optimize development of the Inuvik facility.”
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 11 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 amendment of a contract with an intergovernmental agency. 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 or intergovernmental 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 or intergovernmental priorities, mandates, funding levels, contracts and regulations; failure of third parties and subcontractors; and failure of systems or services to meet performance requirements or to be accepted by a customer.
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.