MDA to continue providing operational support to Canada's broad-area maritime
RICHMOND, BC, April 26, 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 contracts totaling CA$3.2 million
with the Government of Canada's Department of National Defence (DND) to
provide operations for the east and west coast RADARSAT-2 ground systems that
support the deliverables under the Polar Epsilon project, the broad-area
surveillance system delivered by MDA to DND in 2012.
In 2012, PWGSC on behalf of DND, awarded a one-year contract for operational
support that included renewal options for an additional four years, the first
of which was recently exercised. MDA will be providing operational support
under this contract until March2014.
The Polar Epsilon surveillance system delivers space-based, day and night,
all-weather maritime surveillance information of Canada's Arctic, Atlantic,
and Pacific oceans and includes global high-resolution surveillance
capabilities to support deployed Canadian Forces.
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 www.forces.gc.ca
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; partial or complete failure of a satellite or
related subsystems; 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.
Wendy Keyzer MDA External Relations (604) 231-2743 firstname.lastname@example.org
SOURCE: MacDonald, Dettwiler and Associates Ltd.
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CO: MacDonald, Dettwiler and Associates Ltd.
ST: British Columbia
NI: ARO SOF ORDER
-0- Apr/26/2013 17:00 GMT
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