RICHMOND, BC, April 15, 2014 /CNW/ - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX:MDA), a global communications and information company, announced today that
it has been awarded a five year contract valued at CA$5 million with
Canada's Department of National Defence (DND). MDA will provide support
for the Unmanned Aerial Surveillance solution announced on October 29, 2013. The contract also includes options for incremental activities up to an
additional CA$11 million.
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 4,800
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 and potential
extensions thereto. 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