|MDA expects $3M in defence orders for satellite data
RICHMOND, B.C. (CP) - MacDonald, Dettwiler and Associates Ltd. expects more than $3 million in revenues from longtime defence customers that use specialized satellite information the company sells.
MacDonald, Dettwiler, also known as MDA, said Friday it will generate the new revenues after renewing contracts with two undisclosed international customers and supplying information to an unnamed U.S. agency.
The specialized data is gathered by the Radarsat-1 satellite.
The Vancouver-area company (TSX:MDA) holds the exclusive international marketing rights to data from Radarsat-1, a Canadian developed satellite used to monitor environmental change, map natural resources, detect targets and for other intelligence surveying.
MacDonald, Dettwiler provides information such as high-tech mapping to governments and companies. Through another division it develops space robotics such as the Canadarm used on the space shuttle, a technology it bought from Spar Aerospace several years ago, and has been positioning itself for Mars exploration work.
The Richmond, B.C. company generated revenues of $627.3 million last year and earned a profit of $43.7 million, with a workforce of 2,200 at the end of 2003.
In trading on the Toronto Stock Exchange on Friday, MDA shares were unchanged at $25.50.