BRITISH COLUMBIA

MDA inks US$4.3M deal with U.S. Army for satellite imagery mobile station

02/11/2013 05:30 EST | Updated 04/13/2013 05:12 EDT
RICHMOND, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX:MDA) said Monday it has signed a US$4.3 million contract with OGSystems to develop a surveillance prototype for the U.S. Army Geospatial Center.

The Richmond, B.C., firm says the deal will see them build a small, mobile ground station that can receive and process images from satellites and can be quickly deployed anywhere in the world.

MDA says this work will complement a similar contract it had with the U.S. Army Corps of Engineers announced in September 2010.

The company, best-known as the maker of the robotic arms used on the International Space Station and the now-retired U.S. space shuttles, supplies technology to a variety of businesses that use satellites to collection information from space.

The deal was announced after markets closed Monday.

Shares in MDA closed down 69 cents, or 1.05 per cent to $65.25 on the Toronto Stock Exchange.