RICHMOND, BC, Jan. 6, 2014 /CNW/ - MacDonald, Dettwiler and Associates
Ltd. ("MDA" or the "Company") (TSX: MDA), a global communications and information company, announced today that
it has signed a contract in excess of CA$4 million to provide OHB
System AG with satellite communication electronics to be integrated
into the EDRS-C telecommunication satellite as part of the European
Data Relay Satellite (EDRS) system.
The EDRS system of telecommunication satellites in geostationary orbit
will relay information between Low Earth Orbit satellites and ground
stations. EDRS will increase the time the satellites can be in
communication with the ground and enable faster delivery of imagery to
users. This will support response activities following natural
disasters, such as providing accurate space-based maps of affected
areas. Astrium is the industrial prime contractor to the European Space
Agency for the implementation and later operations of the EDRS system.
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. The forward-looking statements in this regard
include statements regarding the award of a 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 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: failure of third parties and subcontractors;
failure of systems to meet performance requirements; and failure to
anticipate changes in technology, technical standards and offerings or
compliance with the requisite standards.
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