Richmond's MacDonald, Dettwiler and Associates Ltd. (TSX:MDA) has received a $3.6 million contract extension to replace the air command and control system for NATO in Europe.
The contract with Fullerton, California-based Thales Raytheon Systems will involve a team of MDA systems and software engineers experienced in developing large-scale systems.
The work will help NATO meet its needs for offensive and defensive air operations.
MDA's share price range during the past week: between $40.56 and $42.55; 52-week high: $50.90; 52-week low: $37.38.