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MDA Wins $44.5 Million Contract with EMSA to Expand Use of Radarsat-2 Information for Maritime Applications
Friday, July 22, 2016Company Profile | Careers | Follow Company
Richmond, BC, July 22, 2016--(T-Net)--MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a global communications and information company, announced that it has signed a four year contract with a ceiling of 31 million euros (approx $44.5M CDN) to provide RADARSAT-2 information to the European Maritime Safety Agency (EMSA).
Under this contract, MDA will provide RADARSAT-2 information to support EMSA in the areas of maritime safety, law enforcement, border security, fisheries control, and marine pollution monitoring.
Supporting a broad base of European users, the RADARSAT-2 information will be used in detecting and monitoring oil spills as part of EMSA's CleanSeaNet program.
EMSA will also expand on its utilization of RADARSAT-2 information to increase the vessel detection and monitoring services that are supplied to FRONTEX, a European agency responsible for European border management. Additionally, EMSA will also broaden its use of RADARSAT-2 information to include support for the Copernicus Security Services for Maritime Surveillance (CSSMS) program.
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, funding levels, contracts and regulations; failure of third parties and subcontractors; and failure of systems to meet performance requirements.
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