RICHMOND, BC, Nov. 20, 2013 /CNW/ - MacDonald, Dettwiler and Associates
Ltd. ("MDA" or the "Company") (TSX: MDA), a global communications and information company, announced today that
it has been selected for additional robotics work for the U.S. Defense
Advanced Research Projects Agency (DARPA) Phoenix Program. MDA has
started work under the next phase of the Phoenix Program, with related
contracts expected to total approximately US$10 million. The work will
be carried out by both MDA and SSL.
Already a key participant in the DARPA Phoenix program, MDA intends to
provide a variety of servicing technologies and capabilities that build
on MDA's world leading capabilities, which include a 35-year heritage
of robotics development and recent on-orbit servicing demonstration
successes. Details of the original announcement were provided in the
Company's news release dated October 18, 2012.
Under these contracts, MDA seeks to develop advanced robotic tools,
cameras, tool caddies and a new flexible, small robotic arm for the
"We are pleased to be providing the critical robotics for the Phoenix
mission," said Don Osborne, MDA's vice president responsible for this
business. "The Phoenix mission aims to demonstrate several
technologies and on-orbit operations."
[Distribution Statement A: Approved for Public Release, Distribution
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 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 related to a government
project. 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, changes in government
priorities, mandates, policies, funding levels, contracts and
regulations, partial or complete termination of a government funded
project, 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