MDA reports preliminary unaudited Fourth Quarter results

    RICHMOND, BC, Feb. 26 /CNW/ - MacDonald, Dettwiler and Associates Ltd.
(TSX: MDA), a provider of essential information solutions, today reported
preliminary unaudited financial results for the fourth quarter ended December
31, 2007. MDA will release audited financial results on March 26, 2008.
    In January 2008, the Company announced its intention to sell its
Information Systems and Geospatial Services operations, and to focus
exclusively on its Information Products business going forward. The
transaction is expected to close in the second quarter of 2008. Accordingly,
the sale transaction has no effect on these preliminary reported financial
    The Company anticipates consolidated revenues for the fourth quarter of
2007 of $294 million compared to $288 million for the fourth quarter of 2006.
The Company anticipates fourth quarter net earnings of $30 million, or $0.70
per diluted share, compared to $22 million, or $0.51 per diluted share, for
the same period last year.
    For the year ended December 31, 2007, consolidated revenues are estimated
at $1,204 million compared to $1,053 million for 2006. Net earnings are
estimated at $95 million, or $2.18 per diluted share, compared to $84 million,
or $1.95 per diluted share, for the prior year. The preliminary results
reported for 2007 have been, and continue to be, impacted by the strengthening
Canadian dollar.

    Preliminary unaudited           Three months ended   Twelve months ended
    financial information               December 31,         December 31,
                                       2007       2006       2007       2006
    ($ millions, except per common
     share amounts)
    Consolidated revenues           $   294    $   288    $ 1,204    $ 1,053
    Earnings before income taxes         42         31        130        117
    Net earnings                         30         22         95         84
    Net earnings per diluted
     common share                   $  0.70    $  0.51    $  2.18    $  1.95
    All results are reported in Canadian dollars and are prepared in
    accordance with Canadian generally accepted accounting principles.

    The Company anticipates Information Products revenues, excluding the
Geospatial Services operations which have been previously reported as part of
Information Products for segmented reporting, of $182 million for the fourth
quarter. Fourth quarter revenues in North America are estimated at
$64 million. Fourth quarter revenues in the U.K. and Europe are estimated at
$118 million. Information Products revenues, excluding Geospatial Services
operations, for the year ended December 31, 2007 are estimated at
$773 million. The Company anticipates revenues for the year ended December 31,
2007 of $255 million for North America and $518 million for the U.K. and

    About MDA

    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 organizations
    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.
    MDA employs more than 3,000 people in locations across the United States,
the United Kingdom, and Canada. The Company's common shares trade on the
Toronto Stock Exchange under the symbol TSX:MDA.

    Investor/Analyst Conference Call Today

    MDA President and CEO Daniel Friedmann and Executive Vice President and
CFO Anil Wirasekara will be available on a Conference Call today, February 26,
2008 at 2:30 p.m. Pacific (5:30 p.m. Eastern) to explain the financial results
of the Company and to answer questions.

    The Conference Call will include a discussion of other unaudited
financial information that is available at:

    To participate, dial 1-888-575-8232 in Canada or the United States
    In Toronto, dial 416-406-6419

    The Conference Call will also be Webcast live and archived at:

    Telephone replay will be available until March 4, 2008 at the following

    Toll free, International, dial 1-800-408-3053
    In Toronto, dial 416-695-5800
    Pass Code 3253048

    Related Websites:

    Forward-Looking Statements

    This release contains forward-looking statements and information, which
reflect the current view of MacDonald, Dettwiler and Associates Ltd. with
respect to future events and financial performance. Any such forward-looking
statements are subject to risks and uncertainties and MDA's actual results of
operations could differ materially from historical results or current
expectations. Additional information on these and other potential factors that
could affect MDA's financial results are detailed in documents filed from time
to time with the applicable Canadian securities regulatory authorities.

    The Toronto Stock Exchange has neither approved nor disapproved the form
    or content of this release.

    %SEDAR: 00014148E

For further information:

For further information: Wendy Keyzer, MDA External Relations, (604)

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890