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 authorized to proceed with development of a Payload Orbital
Delivery system (POD) for the DARPA Phoenix mission. The expected
contract value for full development of the flight system is US$6
The POD concept is an innovative and cost-effective solution to rapidly
deliver small packages to geostationary Earth orbit (GEO) using surplus
capacity on regularly launched communication satellites. PODs seeks to
demonstrate a new faster delivery capability for DARPA's Phoenix
mission and capability for future applications of assembly and
The POD concept aims to expand the hosted payload market by offering a
flexible launch and delivery solution for smaller, unconventional
payloads or missions. Specific to the Phoenix demo mission, the POD
would deliver a new class of very small 'satlets,' similar in mass to
nano satellites, which, when robotically attached to all or part of a
retired satellite via Phoenix, would show the ability to create a new
space system in orbit.
"MDA is eager to move forward on key capabilities that the Phoenix
mission intends to demonstrate," said Don Osborne, MDA's vice president
responsible for this business. "We believe the state of technology
readiness, and our proven track record in hosted payloads and on-orbit
servicing, would enable the success of the proposed Phoenix
Demonstration Mission and sets the stage for future operational
Details of the original announcement were provided in the Company's news
release dated October 18, 2012.
[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 authorization to proceed under 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