The first contract is a multi-year extension of RADARSAT-2 distribution rights. In addition, the contract includes exclusive distribution rights for China, effective November 11, 2014. The RADARSAT-2 information will be used to support government and commercial users in China in areas such as land use management, environmental monitoring, subsidence monitoring, and disaster response.
Under the second contract, MDA will provide a ground station able to receive and process data from the RADARSAT-2 satellite. The station is expected to be installed and operational in late 2015.
The RADARSAT-2 satellite has global high-resolution surveillance capabilities that include a large collection capacity and high accuracy.
The satellite acquires data regardless of light or weather condition, provides frequent re-visit imaging options, and is supported by ground receiving stations that provide near real-time information delivery services. This versatility makes RADARSAT-2 a reliable source of information for disaster management, maritime monitoring, deformation mapping and for other applications.
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.”