RICHMOND, BC, Oct. 22 /CNW/ - MacDonald, Dettwiler and Associates Ltd.
(TSX: MDA), a provider of essential information solutions, announced today it
has received over $10 million USD of contract amendments from the U.S. Federal
Aviation Administration (FAA) for the Instrument Procedure Development System
MDA will upgrade the Instrument Procedure Development System (IPDS) to
include the latest aviation standards and high accuracy geospatial
calculations within the instrument flight procedure domain. This contract
extends the value on the existing first development phase IPDS contract,
announced in January 2007, to over $22 million U.S.
The IPDS is part of a joint initiative between the FAA and the Department
of Defence (DoD) to create an automated solution to modernize flight route
design practices and to harmonize military and civilian air navigation in the
long term. The IPDS provides the FAA and the 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 better fuel
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 organizations
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
MDA employs more than 3,300 people in locations across the United States,
the United Kingdom, and Canada. 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. with
respect to future events and financial performance. 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. Additional information on these and other potential factors that
could affect MDA's financial results are detailed in documents filed from time
to time with the applicable Canadian securities regulatory authorities.
The Toronto Stock Exchange has neither approved nor disapproved the form
or content of this release.
For further information:
For further information: Wendy Keyzer, MDA External Relations, (604)