RICHMOND, BC, Jan. 23, 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 contract for US$9.5 million with an undisclosed
customer. Under the initial 12-month contract, MDA will provide
operational support for the customer's geospatial data fusion and
exploitation projects. The contract includes options to extend the
support services for up to four additional years.
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 17 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. 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; 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