RICHMOND, BC, Aug. 21 /CNW/ - MacDonald, Dettwiler and Associates Ltd.
(TSX: MDA), a provider of essential information solutions, announced today it
has signed a contract in excess of $10 million (CAD) with EADS Astrium, the
Prime Contractor for Inmarsat's Alphasat I-XL mission, to provide two advanced
technology solutions for use on Alphasat, a telecommunications satellite. The
solutions will be delivered in late 2010.
Alphasat is the first flight opportunity of the new European Large
Platform Alphabus developed by EADS Astrium and Thales Alenia Space under
With a targeted launch date of 2012, Alphasat will support Inmarsat's
existing global mobile satellite services with coverage centered over Africa,
in addition to providing additional coverage to Europe, the Middle-East and
parts of Asia. Once launched, the satellite will provide increased capacity
able to handle more than 750 channels with improved quality, particularly for
satellite phone users.
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
MDA employs more than 3,200 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.
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. The forward-looking
statements in this regard include statements regarding the award of a
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. 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. The factors and assumptions underlying the forward-looking
statements in this release include contracts 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 failure of third parties
and subcontractors; failure of systems to meet performance requirements and
failure to anticipate changes in technology, technical standards and product
offerings or comply 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 MDA's
continuous disclosure materials filed from time to time with Canadian
securities regulatory authorities, which are available online at www.sedar.com
or on MDA's website at www.mdacorporation.com.
The Toronto Stock Exchange has neither approved nor disapproved the form
or content of this release.
For further information:
For further information: Wendy Keyzer, MDA External Relations, (604)