RICHMOND, BC, March 28, 2013 /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 with the Canadian Space Agency valued at CA$81
million (excluding GST/PST) to provide sustaining engineering and
operational support for its robotic elements on the International Space
Station (ISS) through December 2015.
MDA's robotic systems played a critical role in the construction of the
Space Station. With construction of the station complete, robotics
continue to play a vital role in on-going operations—from berthing
visiting vehicles such as the SpaceX Dragon and Japanese HTV spacecraft
to performing ground-breaking technology demonstrations.
"We have a long history of supporting human spaceflight activities and
are committed to providing critical capabilities to meet the future
needs of the ISS," said Don Osborne, the vice president responsible for
MDA is the prime contractor to the Canadian Space Agency for the Mobile
Servicing System, which consists of Canadarm2, Dextre, and the Mobile
Base System. From inception to operation, MDA's innovative solutions
have demonstrated flexibility and utility in building and maintaining
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 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, but are not limited to, changes in government
priorities, mandates, policies, funding levels, contracts and
regulations; risks inherent with the launch, deployment and operation
of space-based robotic systems; 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