MDA signs agreement for up to $10 million per year for radar information
RICHMOND, BC, May 3, 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 five year agreement with a
confidential customer to supply space-based radar surveillance and
intelligence information, with a ceiling of CA$50 million.
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
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 news 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 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 news release
include contracts with any customer 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 changes in customer
priorities, mandates, policies, funding levels, contracts and regulations;
failure of third parties and subcontractors; degradation in performance or
complete or partial loss of a satellite; and failure of radar information and
surveillance systems and other associated systems to meet performance
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.
To view this news release in HTML formatting, please use the following URL:
CO: MacDonald, Dettwiler and Associates Ltd.
ST: British Columbia
NI: ARO SOF ORDER
-0- May/03/2013 17:02 GMT
Press spacebar to pause and continue. Press esc to stop.