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MDA to continue providing operational support to Canada's broad area maritime surveillance systemRICHMOND, BC, April 28, 2015 /CNW/ - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX:MDA), a global communications and information company, today announced that the Government of Canada's Department of National Defence (DND) has exercised its third renewal option for a contract originally announced in April 2013. MDA will continue to provide operational support for the east and west coast RADARSAT-2 ground systems that support the Polar Epsilon Near-Real Time Ship Detection (NRTSD) system. The option is valued at approximately CA$2.4 million and extends support until March 2016. The NRTSD system is a broad-area surveillance system that was delivered by MDA to DND in 2012. The system delivers space-based, day and night, all-weather maritime surveillance information of Canada's Arctic, Atlantic and Pacific oceans and includes global high-resolution surveillance capabilities to support deployed Canadian Forces. About MDA MDA's business is ocused 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." Related Websites Forward-Looking Statements 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. |