RICHMOND, BC, Nov. 29, 2012 /CNW/ - MacDonald, Dettwiler and Associates Ltd., a provider of essential information solutions, today welcomed the release of the Aerospace Review report. The arms-length review of aerospace and space policy was announced by Industry Minister Christian Paradis in February 2012 and was carried out by David Emerson, a former federal cabinet minister.
"We are grateful to the Government and to Minister Paradis for mandating the Aerospace Review and for taking an in-depth look at this important sector," said Dave Caddey, MDA's Executive Vice President. "There is a clear recognition of the strategic role of space and aerospace to the economic well-being of Canada and this report is a critical first step towards revitalizing this sector."
MDA thanked Mr. Emerson for his leadership of the Review process and for listening to industry concerns. "We will take the time to examine the report. We look forward to working with the government to ensure the competitiveness of the Canadian space sector for the next generation," Mr. Caddey concluded.
MDA is a unique global communications and information company providing operational solutions to commercial and government organizations worldwide.
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 5,000 employees operating from 18 offices located in the United States, Canada, and internationally.
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 release of a report and subsequent activities. 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 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 requirements.
For additional information with respect to certain of these 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.
SOURCE: MacDonald, Dettwiler and Associates Ltd.
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