MDA awarded follow-on contract to support NGA with persistent change detection
Media Release: June 6, 2016
Richmond, BC - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX: MDA), a global communications and information company, today announced that it has been awarded a follow-on contract by the National Geospatial-Intelligence Agency (NGA) to continue providing MDA’s patented Persistent Change Monitoring (PCM™) solution that supports NGA’s Foundation GEOINT. The information provided by PCM™ allows for monitoring the effects of climate change, detecting urban sprawl, deforestation, wetlands loss, monitoring coastal expansion, identifying new facilities and construction, and prioritizing GEOINT content maintenance by allowing for more efficient and effective targeted inventory management and planning. The contract includes an option that if exercised has a potential over two years of US$11.6 million.
Overlaying satellite images from multiple dates, MDA’s sophisticated software identifies changes in land-cover that persist regardless of seasonal changes or weather effects. Changes identified are typically caused by human activities. Knowing where these changes occur allows the analyst to focus only on the areas of change when updating global map databases. This allows map updating to be done more frequently in rapidly changing areas and less frequently elsewhere, significantly improving the customer’s efficiency.
MDA is a global communications and information company providing operational solutions to commercial and government organizations worldwide.
MDA's business is focused 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.
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.
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.