RICHMOND, BC, Feb. 27, 2013 /CNW/ - MacDonald, Dettwiler and Associates
Ltd. ("MDA" or the "Company") (TSX: MDA), a provider of essential information solutions, announced today that
it has received a contract for CA$15.8 million from the Canadian Space
Agency (CSA) for the preliminary design of an advanced technology
solution for NASA's New Frontiers Program—OSIRIS-REx, the next
planetary science mission to another celestial body in our solar
system. Total contract value for initial phases received to-date are
valued at $19 million.
NASA plans to launch a spacecraft in 2016 to study and return an
asteroid sample to Earth in 2023. As the spacecraft comes within seven
kilometers of the asteroid, MDA's solution will be used to perform
comprehensive surface mapping operations that provide topographical
maps that will assist in navigating the spacecraft towards the asteroid
and identifying potential sample acquisition sites.
This contract builds on MDA's heritage of flight-proven science
instruments that have contributed to helping to revolutionize our
understanding of the early Solar system, planet formation and the
origin of life. MDA announced in June 2010 it was on candidate teams selected by NASA to conduct initial studies
for a deep space exploration mission.
The CSA is supporting a Canadian Science team and the development of the
science instrument for the Mission.
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 award of a government contract. 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