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MDA to Provide US National Oceanic and Atmospheric Administration (NOAA) with RADARSAT-2 Information for Ice Monitoring
Tuesday, May 23, 2017Company Profile | Careers | Follow Company
Richmond, BC, May 23, 2017--(T-Net)--MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a global communications and information company, today announced that it has signed a contract with the National Oceanic and Atmospheric Administration (NOAA).
MDA will provide near real-time information from its RADARSAT-2 satellite that will be used to provide large and small scale ice and snow products, ice forecasting, and other monitoring services. The contract includes one base year and three annual renewal options.
David Belton, the vice-president responsible for the geospatial business said, “We have supported NOAA for almost two decades and this contract demonstrates the strong relationship we have and the importance of RADARSAT-2 imagery to the U.S. government.”
About MDA
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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, but are not limited to: changes in government priorities, mandates, policies or funding levels through agency budget reductions; the imposition of budgetary constraints or a decline in government support or deferment of funding for programs in which the Company or its customers participate; the Company's ability to realize anticipated benefits of contract awards from the U.S. government and failure by the Company to comply with U.S. regulations could result in penalties or suspension; failure of third parties and subcontractors; and failure of systems to meet performance requirements.
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