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November 03, 2010
MDA signs contract for next phase of Canada's RADARSAT Constellation Mission
Richmond, BC, Nov. 3 /CNW/ - MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions,
announced today that it has signed an amendment to the $80 Million (CAD) contract
with the Canadian Space Agency to continue this Phase of the RADARSAT Constellation
Mission (RCM), which involves developing the detailed design of the RCM and all
of its subsystems, and is the precursor to the Build Phase. MDA has been working
on this contract under two previously announced Authorizations to Proceed, since
March 17, 2010. Therefore, the new funding from this contract is $42 Million (CAD).
RCM represents a major enhancement of Canada's RADARSAT program, following the successes
of RADARSAT-1 and RADARSAT-2. RCM will provide the Government of Canada with frequent
surveillance and monitoring of Canada's coastal zones, northern territories, Arctic
waterways, maritime areas of strategic interest, and defence interests around the
world. This is critical, given the challenges posed by Canada's geographical size
and its more than 240,000 kilometres of coastline.
Unlike RADARSAT-1 and RADARSAT-2, which are single satellites, RCM is a constellation
of three satellites. This allows for more regular monitoring of the Canadian coast,
thus greatly enhancing Canada's coastal surveillance. While the initial mission
includes three satellites, the Constellation is designed so that it can grow to
include additional satellites.
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.
The Company's common shares trade on the Toronto Stock Exchange under the symbol
TSX:MDA.
For more information, please contact:
Related Websites:
www.mdacorporation.com
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