MDA to develop Payload Orbital Delivery system for US Government's satellite
RICHMOND, BC, Nov. 20, 2013 /CNW/ - MacDonald, Dettwiler and Associates Ltd.
("MDA" or the "Company") (TSX: MDA), a global communications and information
company, announced today that it has been authorized to proceed with
development of a Payload Orbital Delivery system (POD) for the DARPA Phoenix
mission. The expected contract value for full development of the flight
system is US$6 million.
The POD concept is an innovative and cost-effective solution to rapidly
deliver small packages to geostationary Earth orbit (GEO) using surplus
capacity on regularly launched communication satellites. PODs seeks to
demonstrate a new faster delivery capability for DARPA's Phoenix mission and
capability for future applications of assembly and servicing.
The POD concept aims to expand the hosted payload market by offering a
flexible launch and delivery solution for smaller, unconventional payloads or
missions. Specific to the Phoenix demo mission, the POD would deliver a new
class of very small 'satlets,' similar in mass to nano satellites, which, when
robotically attached to all or part of a retired satellite via Phoenix, would
show the ability to create a new space system in orbit.
"MDA is eager to move forward on key capabilities that the Phoenix mission
intends to demonstrate," said Don Osborne, MDA's vice president responsible
for this business. "We believe the state of technology readiness, and our
proven track record in hosted payloads and on-orbit servicing, would enable
the success of the proposed Phoenix Demonstration Mission and sets the stage
for future operational applications."
Details of the original announcement were provided in the Company's news
release dated October 18, 2012.
[Distribution Statement A: Approved for Public Release, Distribution Unlimited]
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
authorization to proceed under 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 NP
-0- Nov/20/2013 23:32 GMT
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