RICHMOND, BC, Jan. 30, 2014 /CNW/ - MacDonald, Dettwiler and Associates
Ltd. ("MDA" or the "Company") (TSX: MDA), a global communications and information company, announced today that
the Sapphire satellite developed by MDA for Canada's Department of
National Defence (DND) has completed its commissioning and is fully
transitioned into operations as a contributing sensor to the U.S. Space
Surveillance Network. Details of the original announcement were
provided in the Company's news release dated February 25, 2013. With the declaration of full operational capability, Sapphire will
enter its five-year operational phase.
Canada's Sapphire is the Department of National Defence's first
dedicated operational military satellite. The satellite tracks man-made
space objects in Earth's orbit between 6,000 and 40,000 km in altitude,
as part of Canada's continued support of Space Situational Awareness.
Data from the Sapphire satellite is contributed to the U.S. Space
Surveillance Network, enhancing the ability of both countries to detect
and avoid the collision of critical space platforms with other
satellites or pieces of debris.
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 news 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. When used in this news release, the words
"believes", "expects", "plans", "may", "will", "would", "could",
"should", "anticipates", "estimates", "project", "intend" or "outlook"
or other variations of these words or other similar expressions are
intended to identify forward-looking statements and information. Actual
results may differ materially from the expectations expressed or
implied in the forward-looking statements as a result of known and
unknown risks and uncertainties. Known risks and uncertainties include,
but are not limited to: risks associated with operating satellites and
providing satellite services, including satellite construction or
launch delays, satellite damage caused during launch, in-orbit failures
or impaired satellite performance; changing performance requirements;
changes in customer priorities, mandates, policies, funding levels,
contracts and regulations; failure of third parties and subcontractors;
failure of systems to meet performance requirements; and other risks,
including litigation. The foregoing list of important factors is not
exhaustive. The information contained in this news release reflects
MDA's beliefs, assumptions, intentions, plans and expectations as of
the date of this news release. Except as required by law, MDA disclaims
any obligation or undertaking to update or revise the information
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