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MacDonald, Dettwiler and Associates Ltd. (MDA), a global communications and information company, has announced that its Quebec subsidiary has signed a letter of intent with the Government of Quebec to establish a Satellite Centre of Excellence in Montreal. Quebec will provide financial support of up to:
- $45 million as a royalty-based contingent venture loan for a next-generation digital payload satellite system development and manufacturing project; and
- $3 million in the form of a non-refundable financial contribution which will be used to support the establishment of the Satellite Centre of Excellence.
“MDA is a world leader in satellite systems, and is pleased to be collaborating with the Government of Quebec on the establishment of our Satellite Centre of Excellence,” said Dr. Marc Donato, vice-president of operations, Information Systems Group. “Today’s [May 9] announcement demonstrates and reinforces MDA’s ongoing commitment to Quebec and Canada. These innovations will deliver significant value to our customers and will secure our position as a leader in this market.”
