MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX:MDA), a global communications and information company, today announced that it has signed a contract valued in excess of CA$29 million with Aselsan Electronic Industries Inc. (Aselsan), to provide Ku-Band payload equipment for a communications satellite subsystem. This award is in addition to the existing contract announced in April 2014 for the provision of a X-band communication hosted payload solution.
Aselsan is Turkey's leading space and defence company, and prime contractor for the construction of the Ku-Band and X-Band payloads, which are scheduled to provide government and other communication services once it is launched in 2020.
"This is an important second award for us in Turkey, furthering on our strategy to work with the Turkish domestic industry to help meet its growing demand for communications," said Joanna Boshouwers, the general manager responsible for MDA's communications business in Montreal.
Source: MacDonald, Dettwiler and Associates Ltd.
Date: Feb 25, 2015