MDA receives additional amendments to Design Phase of Canada's RADARSAT
RICHMOND, BC, Sept. 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 multiple contract amendments with
the Canadian Space Agency (CSA) totaling CA$18 million to complete work in the
Design Phase of the RADARSAT Constellation Mission, and to enable the
remaining long lead procurement of parts and equipment, as planned. These
amendments are funded from CSA's approved budget for the Design Phase and
support the Build Phase contract announced January 2013, which is currently
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 contract related to a government project. 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 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 termination of
a government funded project, failure of third parties and subcontractors,
failure of systems to meet performance requirements and failure to anticipate
changes in technology, technical standards and offerings or compliance with
the requisite standards.
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.
SOURCE MacDonald, Dettwiler and Associates Ltd.
CONTACT: Wendy Keyzer MDA External Relations (604) 231-2743
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CO: MacDonald, Dettwiler and Associates Ltd.
ST: British Columbia
NI: ARO SOF
-0- Sep/03/2013 21:00 GMT
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