RICHMOND, BC, Jan. 31, 2012 /CNW/ - MacDonald, Dettwiler and Associates
Ltd. (TSX: MDA), a provider of essential information solutions, announced today that
it has signed contracts totaling US$7.6 million with the U.S. Federal
Aviation Administration (FAA) to continue the upgrade to the FAA's
Instrument Procedure Development System (IPDS), as part of a mission
support automation program, and to provide operational support to the
currently fielded version of the system. These latest contracts will
continue to align the system with the requirements of the FAA's NextGen
The IPDS provides the FAA and the U.S. Department of Defense (DoD) with
the capability to design terminal area flight routes that take
advantage of the latest navigation equipment, resulting in improved
terminal airspace usage and reduced fuel burn.
MDA has been providing on-going services related to implementation and
integration of the upgrades to FAA's existing instrument flight
procedure automation systems since January 2007. The IPDS is part of a
joint initiative between the FAA and the DoD to create an automated
solution to modernize flight route design practices and to harmonize
military and civilian air navigation in the long term.
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
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.
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 government contracts. 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. Any such forward-looking
statements are subject to risks and uncertainties and MDA's actual
results of operations could differ materially from historical results
or current expectations. The factors and assumptions underlying the
forward-looking statements in this release include contracts with any
government agency not being terminated. 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; and failure of systems to meet performance
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.
SOURCE MacDonald, Dettwiler and Associates Ltd.
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