BRITISH COLUMBIA

MDA signs space surveillance contract with unnamed customer; could be worth $50M

05/03/2013 01:36 EDT | Updated 07/03/2013 05:12 EDT
VANCOUVER - MacDonald, Dettwiler and Associates Ltd. (TSX:MDA) says it has signed a five-year deal that could be worth up to $50 million to supply space-based radar surveillance and intelligence information.

MDA did not provide any more details on the contract nor did it identify the customer, saying that information was confidential.

MDA, best-known for 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 collect information from space.

It has some 4,500 employees operating from 11 locations in the United States, Canada and internationally.