RICHMOND, BC, Jan. 16, 2013 /CNW/ - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX: MDA), a provider of essential information solutions, announced today that
it has signed a multi-million dollar contract amendment with the
Commonwealth of Australia. Under this amendment, MDA will provide a six
month extension to the original three month assessment activity to
provide new critical information in support of Australia's efforts in
Afghanistan. The assessment activity was announced in September 2012.
MDA has been supporting the Australian Forces by providing critically
important real-time intelligence, surveillance and reconnaissance
information directly to ground commanders, since January 2010.
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 5,000
employees operating from 18 offices located in the United States,
Canada, and internationally.
The Company's common shares trade on the Toronto Stock Exchange under
the symbol TSX:MDA.
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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 changes in government priorities, mandates,
policies, funding levels, contracts and regulations; failure of third
parties and subcontractors; partial or complete failure of a satellite
or related systems; 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 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