RICHMOND, BC, Oct. 22, 2013 /CNW/ - MacDonald, Dettwiler and Associates
Ltd. ("MDA" or the "Company") (TSX: MDA), a global communications and
information company, announced today it has signed a contract valued at
US$4.04 million under its Indefinite Delivery/Indefinite Quantity
(IDIQ) agreement with the U.S Air Force (USAF), to further enhance the
flight path safety system that aides the design of airport approach and
departure flight paths. The IDIQ agreement includes options for
extending operational support and system enhancements. Originally
announced in February 2012, the value of contracts awarded to-date under the IDIQ agreement totals
approximately US$8.9 million.
The original flight path safety system developed by MDA for USAF has
been deployed worldwide since 2004, focused on the design of flight
paths for aircraft fitted with ground-based navigation equipment. The
enhancements under this contract will provide greater capability in the
support of aircraft fitted with both ground-based and satellite-based
MDA is a global communications and information company providing
operational solutions to commercial and government organizations
MDA's business is focused on markets and customers with strong repeat
business potential. In addition, the Company conducts a significant
amount of advanced technology development.
MDA's well-established global customer base is served by more than 4,500
employees operating from 11 offices located in the United States,
Canada, and internationally.
The Company's common shares trade 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 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, but are not limited to: changes in government
priorities, mandates, policies, funding levels, contracts and
regulations; failure of third parties and subcontractors; 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 under the Company's profile 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.
For further information:
MDA External Relations