RICHMOND, BC, Aug. 7 /CNW/ - MacDonald, Dettwiler and Associates Ltd.
(TSX: MDA), a provider of essential information solutions, announced today
that the Canadian Department of National Defence (DND) has awarded a contract
to MDA for a long endurance unmanned aerial vehicle (UAV) surveillance
solution to support the Canadian Forces in Afghanistan. The surveillance
solution will be operational in Afghanistan before February 2009 for a period
of two years, with an option for an additional third year. The contract also
includes training for the DND air vehicle and payload operators. The initial
contract is valued at $95 million CAD with the third year option valued at an
additional $35 million CAD.
David Hargreaves, a vice president within MDA's Information Systems
group, said: 'This contract is a major milestone in MDA's strategy to become a
significant contributor in the growing Canadian and worldwide UAV surveillance
market. Our leading-edge solution is compatible and interoperable with
stringent NATO standards. MDA's UAV surveillance solutions are highly
complementary to our existing space-based and other surveillance and
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)