MDA signs $81 million contract to support the Canadian robotics on the
International Space Station
RICHMOND, BC, March 28, 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 contract with the Canadian Space
Agency valued at CA$81 million (excluding GST/PST) to provide sustaining
engineering and operational support for its robotic elements on the
International Space Station (ISS) through December 2015.
MDA's robotic systems played a critical role in the construction of the Space
Station. With construction of the station complete, robotics continue to play
a vital role in on-going operations—from berthing visiting vehicles such as
the SpaceX Dragon and Japanese HTV spacecraft to performing ground-breaking
"We have a long history of supporting human spaceflight activities and are
committed to providing critical capabilities to meet the future needs of the
ISS," said Don Osborne, the vice president responsible for this business.
MDA is the prime contractor to the Canadian Space Agency for the Mobile
Servicing System, which consists of Canadarm2, Dextre, and the Mobile Base
System. From inception to operation, MDA's innovative solutions have
demonstrated flexibility and utility in building and maintaining the ISS.
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. In addition, the Company conducts a significant amount of advanced
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
The Company's common shares trade under the symbol TSX:MDA.
Related Websites: www.mdacorporation.com
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, but are not limited to,
changes in government priorities, mandates, policies, funding levels,
contracts and regulations; risks inherent with the launch, deployment and
operation of space-based robotic systems; 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,
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
The Toronto Stock Exchange has neither approved nor disapproved the form or
content of this release.
CONTACT: Wendy Keyzer MDA External Relations (604) 231-2743
SOURCE: MacDonald, Dettwiler and Associates Ltd.
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CO: MacDonald, Dettwiler and Associates Ltd.
ST: British Columbia
NI: ARO SOF ORDER
-0- Mar/28/2013 18:48 GMT
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