RICHMOND, BC, Oct. 2, 2013 /CNW/ - MacDonald, Dettwiler and Associates
Ltd. ("MDA" or the "Company") (TSX: MDA), a global communications and information company, announced today that
it has started work under two Authorizations to Proceed, totaling
approximately CA$2.5 million, to provide key systems on the European
Space Agency's (ESA) flagship ExoMars program. The work is expected to
total approximately CA$17.5 million and go to contract in 2014.
MDA will be working with Astrium, Thales Alenia Space España and Thales
Alenia Space Italia (ExoMars Prime Contractor). MDA's contribution is
on the drive system which is critical for safe deployment of the rover
on landing and for the rover to manoeuvre and negotiate steep slopes,
large obstacles and the sandy Martian terrain. The rover's primary
task will be to search for evidence of life, past or present, beneath
the surface of the Red Planet.
"After landing on the Martian surface it will be MDA's contribution that
gets the mission rolling to undertake surface operations," said Don
Osborne, Vice President responsible for this business at MDA.
This mission builds on MDA's heritage and development efforts on the
past four surface missions to Mars.
A longstanding cooperation agreement between ESA and Canada provides
Canadian industry with access and opportunities to compete for ESA
contracts. The Government of Canada's commitment to international
partnerships helps enable Canadian companies to provide signature
technologies for international flagship missions like ExoMars 2018.
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 issuance of authorizations to proceed under a
contract with an intergovernmental agency. 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 or intergovernmental 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 necessarily limited to, changes in
government or intergovernmental priorities, mandates, policies, funding
levels, contracts, subcontracts and regulations; partial or complete
mission failure; failure of third parties or subcontractors to
adequately perform; failure to anticipate changes in technology,
technical standards and offerings or to comply with the requisite
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 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