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 awarded a contract valued at US$2.9
million by the Naval Research Laboratory (NRL). MDA will provide a RADARSAT-2
ground system for Open Ocean Surveillance, as a part of the NRL's Coalition
Tactical Awareness and Response (CTAR) program.
Designed to be integrated with NRL's mobile ground system tracking antenna,
previously provided by MDA, the system will acquire and process RADARSAT-2
information and generate reports detailing marine activities that could be
used for defence and surveillance activities. The ground system also has the
capability to support other imaging satellites in support of vessel
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; partial or complete failure of satellite(s) and
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.
SOURCE MacDonald, Dettwiler and Associates Ltd.
Wendy Keyzer MDA External Relations (604) 231-2743 firstname.lastname@example.org
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- Nov/20/2013 23:15 GMT
Press spacebar to pause and continue. Press esc to stop.