RICHMOND, BC, Sept. 6, 2012 /CNW/ - MacDonald, Dettwiler and Associates
Ltd. (TSX: MDA), a provider of essential information solutions, announced today that
it has signed two contract amendments with the Commonwealth of
Australia. The first extends MDA's Unmanned Aerial Vehicle
surveillance service for the Australian Defence Force in Kandahar
Airfield an additional two years. The second provides for a three month
assessment activity that will provide critical information in support
of Australia's efforts in Afghanistan. The combined contract value of
these amendments is in excess of CA$100 million.
MDA has been supporting the Australian Forces by providing critically
important real-time intelligence, surveillance and reconnaissance
information directly to ground commanders, since January 2010.
MDA provides advanced information solutions that capture and process
vast amounts of data, produce essential information, and improve the
decision making and operational performance of business and government
Focused on markets and customers with strong repeat business potential,
MDA delivers a broad spectrum of information solutions, ranging from
complex operational systems, to tailored information services, to
electronic information products.
The Company's common shares trade on the Toronto Stock Exchange 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 government contract amendments. 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 changes in government priorities, mandates,
policies, funding levels, contracts and regulations; 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