MDA to supply RADARSAT-2 based information solution for an international customer
Richmond, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today it has signed a contract in excess of $7 million (CAD) with a confidential international customer. MDA will use RADARSAT-2 data to produce advanced derived information to support the customer’s requirements.
For immediate release: January 11, 2010
Richmond, B.C. -
MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions,
announced today it has signed a contract in excess of $7 million (CAD) with a
confidential international customer. MDA will use RADARSAT-2 data to produce
advanced derived information to support the customer’s requirements.
MDA’s RADARSAT-2 satellite has global high-resolution surveillance
capabilities that include a large collection capacity, and combined with its
high accuracy, makes it capable of producing market-specific information
critical to decision makers such as in the oil and gas industry, mining and
defence and intelligence.
About MDA
MDA provides
advanced information solutions that capture and process vast amounts of data,
produce essential information, and improve the decision making and operational
performance of business and government organizations worldwide.
Focused
on markets and customers with strong repeat business potential, MDA delivers a
broad spectrum of information solutions, ranging from complex operational
systems, to tailored information services, to electronic information products.
MDA employs more than 3,200 people in locations across the
United States, the
United Kingdom, and
Canada. The Company's common shares
trade on the Toronto Stock Exchange under the symbol TSX:MDA.
Related
Websites:
www.mdacorporation.com
Forward Looking
Statements:
This release contains forward-looking statements and
information, which reflect the current view of MacDonald, Dettwiler and
Associates Ltd. 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. Any such forward-looking
statements are subject to risks and uncertainties and MDA’s actual results of
operations could differ materially from historical results or current
expectations. 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 failure of
third parties and subcontractors; satellite failure; failure of systems to meet
performance requirements; changes in government priorities, funding levels,
contracts and regulations; and failure to anticipate changes in technology,
technical standards and product offerings or comply with the requisite
standards.
For additional information with respect to certain of these
risks or factors, plus additional risks or factors, reference should be made to
MDA’s continuous disclosure materials filed from time to time with Canadian
securities regulatory authorities, which are available online at www.sedar.com www.sedar.com or on MDA’s website at www.mdacorporation.com.
The Toronto Stock Exchange has neither approved nor disapproved the form
or content of this release.
For more information, please contact:
Wendy Keyzer
MDA
External Relations
Telephone: 604-231-2743
E-mail: wendy@mdacorporation.com


