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MDA continues to support Mexico';s largest oil company with advanced RADARSAT products

^{Published on 2011-08-26 18:01:20 - Market Wire}
 

RICHMOND, BC, Aug. 26, 2011 /CNW/ - MacDonald, Dettwiler and Associates Ltd. ([ TSX: MDA ]), a provider of essential information solutions, announced today that it has signed an additional contract valued at US$751,000 with Petroleos Mexicanos (PEMEX) for the continued monitoring of natural oil seeps and spills in the Gulf of Mexico using advanced RADARSAT satellite data.  This is the fifth contract that PEMEX has signed with MDA since 2000.

The RADARSAT data contains critical information to aid PEMEX in the exploration and development of its offshore oil production activities. MDA also provides analytical reports that identify clusters of naturally occurring oil slicks that represent positive indicators of present-day hydrocarbon generation and migration. This information is used to enhance the performance of exploration activities in the Gulf of Mexico.

PEMEX has also been using RADARSAT data operationally for the environmental monitoring of oil slicks in the Gulf of Mexico for over a decade. In this time RADARSAT data has become fully integrated into PEMEX's maritime monitoring program to increase its environmental performance and response strategy.

Dave Hargreaves, the vice president responsible for this business said, 'PEMEX represents one of the world's largest oil companies.  Their ongoing and expanding work with MDA is a great endorsement of our level of service and the value PEMEX receives from the information products MDA delivers.'

About MDA

MDA provides advanced information solutions that capture and process vast amounts of data, produce essential information, and improve the decision making and operational performance of business and government organizations worldwide.

Focused on markets and customers with strong repeat business potential, MDA delivers a broad spectrum of information solutions, ranging from complex operational systems, to tailored information services, to electronic information products.

The Company's common shares trade on the Toronto Stock Exchange under the symbol [ TSX:MDA ].

Related Websites:
[ www.mdacorporation.com ]
[ www.pemex.com ]

Forward-Looking Statements

This release contains forward-looking statements and information, which reflect the current view of MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") with respect to future events and financial performance.  The forward-looking statements in this regard include statements regarding the award of a government contract.  Any such forward-looking statements are based on MDA's current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. The factors and assumptions underlying the forward-looking statements in this release include contracts with any government agency not being terminated.  Any such forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from current expectations. MDA cautions readers that should certain risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. The risks that could cause actual results to differ from current expectations include changes in government priorities, funding levels, contracts and regulations; failure of third parties and subcontractors; satellite failure and failure of systems to meet performance requirements.

For additional information with respect to certain of these risks or factors, plus additional risks or factors, reference should be made to the Company's continuous disclosure materials filed from time to time with Canadian securities regulatory authorities, which are available online at [ www.sedar.com ] or on the Company's website at [ www.mdacorporation.com ].

The Toronto Stock Exchange has neither approved nor disapproved the form or content of this release.