RICHMOND, BC, July 29, 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 US$1.7 million contract with Sierra Nevada Corporation
(SNC) to develop an engineering concept solution to provide on-board
communication signal processing capabilities for its Dream Chaser® crew
transportation vehicle. SNC is one of only three companies funded under
NASA's Commercial Crew Program aimed at developing a reusable
spacecraft to transport crew and critical cargo to the International
Space Station and then return to Earth.
If successful, this work could form the basis for an operational
communications solution to be incorporated into the future reusable
crew transportation spacecraft.
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. The
forward-looking statements in this regard include statements regarding
the award of a contract and potential future execution of a program.
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 and programs 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, failure of third parties
and subcontractors, partial or complete failure of a satellite or
related systems; 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