RICHMOND, BC and PALO ALTO, CA, Sept. 6, 2014 /CNW/ - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX:MDA) and Space Systems/Loral, LLC ("SSL") today announced that they have settled the litigation with
ViaSat Communications, Inc. pursuant to a comprehensive settlement
agreement. Under the agreement, all litigation between the parties
will be dismissed, resolving all of the parties' patent and contract
claims. The settlement gives MDA/SSL and their customers protections
against litigation in the future, allowing MDA/SSL to focus on the
manufacture of all satellites, including SSL's high throughput
Daniel Friedmann, president and CEO of MDA said, "We are very pleased to
settle these disputes with ViaSat. This settlement enables SSL and
ViaSat to put our disputes behind us, which benefits everyone. We
appreciate our customers' support and apologize for any inconvenience
caused to our customers during this difficult period, and we thank them
for their support and patience."
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, primarily in the Communications sector and the
Surveillance and Intelligence sector. In addition, the Company conducts
a significant amount of advanced technology development.
MDA's established global customer base is served by more than 4,800
employees operating from 11 locations in the United States, Canada, and
The Company's common shares trade on the Toronto Stock Exchange under
the symbol "MDA."
This news release contains forward-looking statements and information,
which reflect the current view of MacDonald, Dettwiler and Associates
Ltd. and its subsidiaries (collectively "MDA" or the "Company") with
respect to the settlement of patent litigation and the effect thereof.
The forward-looking statements in this regard include statements
regarding the settlement of on-going litigation proceedings, the
dismissal in the courts of all actions and future satellite sales.
These forward looking statements are based on certain assumptions,
including there being no further litigation among the parties in the
future regarding patents and other factors that may affect the sale of
satellites. 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 including sales of
satellites. MDA cautions readers that should certain risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary significantly from those expected.
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