RICHMOND, BC and PALO ALTO, CA, Sept. 6, 2014 /CNW/ - MacDonald, Dettwiler and Associates Ltd. ("MDA" or the "Company") (TSX:MDA) and Space Systems/Loral, LLC ("SSL") today announced that they have settled the litigation with ViaSat Communications, Inc. pursuant to a comprehensive settlement agreement. Under the agreement, all litigation between the parties will be dismissed, resolving all of the parties' patent and contract claims. The settlement gives MDA/SSL and their customers protections against litigation in the future, allowing MDA/SSL to focus on the manufacture of all satellites, including SSL's high throughput satellites.
Daniel Friedmann, president and CEO of MDA said, "We are very pleased to settle these disputes with ViaSat. This settlement enables SSL and ViaSat to put our disputes behind us, which benefits everyone. We appreciate our customers' support and apologize for any inconvenience caused to our customers during this difficult period, and we thank them for their support and patience."
MDA is a 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, primarily in the Communications sector and the Surveillance and Intelligence sector. In addition, the Company conducts a significant amount of advanced technology development.
MDA's established global customer base is served by more than 4,800 employees operating from 11 locations in the United States, Canada, and internationally.
The Company's common shares trade on the Toronto Stock Exchange under the symbol "MDA."
This news release contains forward-looking statements and information, which reflect the current view of MacDonald, Dettwiler and Associates Ltd. and its subsidiaries (collectively "MDA" or the "Company") with respect to the settlement of patent litigation and the effect thereof. The forward-looking statements in this regard include statements regarding the settlement of on-going litigation proceedings, the dismissal in the courts of all actions and future satellite sales. These forward looking statements are based on certain assumptions, including there being no further litigation among the parties in the future regarding patents and other factors that may affect the sale of satellites. 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 including sales of satellites. MDA cautions readers that should certain risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected.
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.
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