RICHMOND, B.C., 6 May 2016. MacDonald, Dettwiler, and Associates Ltd. (MDA; TSX:MDA), a global communications and information company, won a Contribution Agreement valued at $54 million Canadian to coordinate a team of Canadian industry and academic partners to develop innovative technology for space communications and space surveillance.
The funding, which will be matched by the MDA-led team, is coming from the Innovation, Science and Economic Development (ISED) Canada federal institution under the Technology Demonstration Program (TDP) program, which contributes funding toward large-scale research and development projects that typically require the integration of several different technologies and the coordination of activities of many partners. MDA and its partners will invest significantly in the work, with the Contribution Agreement providing matching funding for eligible costs.
"Space has been, and continues to be, a driver of innovation. From communications satellites bringing connectivity to remote parts of Canada — to radar imaging satellites that monitor Canada's North providing sovereignty and safe navigation in coastal waters — to robotic arms for space station and exploration of Mars and the Moon, space has been at the forefront of innovation,” says Don Osborne, MDA's group vice president of Information Systems.
"This Contribution Agreement will help MDA and the other recipients to develop innovative technologies in Canada," Osborne adds. “This TDP award is evidence of the Canadian Government's commitment to innovation, and its recognition of the strategic importance of the space industry to Canada's future economic development."
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.
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